Wolfe Research Downgrades Stanley Black & Decker to Underperform, Announces $94 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Nigel Coe has downgraded Stanley Black & Decker (NYSE:SWK) from Peer Perform to Underperform and set a price target of $94.

August 11, 2023 | 1:37 pm
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NEGATIVE IMPACT
Stanley Black & Decker has been downgraded to Underperform by Wolfe Research, with a new price target of $94.
The downgrade from Wolfe Research is likely to negatively impact Stanley Black & Decker's stock in the short term. The new price target of $94, if lower than the current price, suggests that the analyst believes the stock is overvalued, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100