Citigroup Maintains Neutral on Stanley Black & Decker, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Eric Lau maintains a Neutral rating on Stanley Black & Decker (NYSE:SWK) and raises the price target from $98 to $110.

August 04, 2023 | 11:20 am
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Stanley Black & Decker and raises the price target from $98 to $110.
The news is directly about Stanley Black & Decker. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $98 to $110 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100