JP Morgan Maintains Underweight on Stanley Black & Decker, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has maintained an Underweight rating on Stanley Black & Decker (SWK) and reduced the price target from $89 to $80.
February 06, 2024 | 7:45 pm
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JP Morgan analyst Michael Rehaut maintains an Underweight rating on Stanley Black & Decker and lowers the price target from $89 to $80.
The reduction in price target by a significant financial institution like JP Morgan, especially with an Underweight rating, suggests a bearish outlook on the stock. This could lead to negative sentiment among investors, potentially causing a short-term decrease in stock price.
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IMPORTANCE 90
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