JP Morgan Downgrades Stanley Black & Decker to Underweight, Announces $89 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has downgraded Stanley Black & Decker (SWK) from Neutral to Underweight and set a price target of $89.
December 14, 2023 | 11:57 am
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Stanley Black & Decker was downgraded by JP Morgan from Neutral to Underweight with a price target of $89.
Analyst downgrades typically lead to a negative perception among investors and can result in a decrease in stock price. The new price target of $89 suggests a potential downside if the stock is currently trading above that level.
CONFIDENCE 90
IMPORTANCE 90
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