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Stanley Black & Decker price target lowered to $94 from $100 at Barclays
The Fly

Stanley Black & Decker price target lowered to $94 from $100 at Barclays

Barclays analyst Julian Mitchell lowered the firm’s price target on Stanley Black & Decker to $94 from $100 and keeps an Equal Weight rating on the shares as part of a Q4 preview for the multi-industry sector. The firm sees a slow start to the year amid sluggish organic sales growth and currency headwinds and notes investor expectations “are moving quickly, with cyclicals again somewhat out of favor.”

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