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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100