Morgan Stanley Maintains Equal-Weight Rating for Stanley Black & Decker: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Stanley Black & Decker (NYSE:SWK) and increased its price target from $90.00 to $99.00. Stanley Black & Decker's shares are currently trading at $103.81, which is 0.16% lower than the previous day.
August 04, 2023 | 11:46 am
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Morgan Stanley has maintained its Equal-Weight rating for Stanley Black & Decker and raised its price target. This could potentially influence investors' decisions and the stock's performance.
Analyst ratings and price targets can influence investor sentiment and stock performance. While the Equal-Weight rating suggests that Morgan Stanley views SWK as fairly valued, the raised price target could indicate expected growth. However, the current share price is above the new target, which might lead to some market adjustment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100