Citigroup Upgrades Stanley Black & Decker to Buy, Raises Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Eric Lau has upgraded Stanley Black & Decker (NYSE:SWK) from Neutral to Buy and raised the price target from $110 to $118.
October 27, 2023 | 6:33 pm
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Stanley Black & Decker has been upgraded from Neutral to Buy by Citigroup, with a raised price target from $110 to $118.
The upgrade from Neutral to Buy indicates a positive outlook for Stanley Black & Decker. The raised price target suggests that Citigroup believes the stock is undervalued at its current price, which could lead to an increase in the stock's price in the short term.
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