Wells Fargo Maintains Equal-Weight on Stanley Black & Decker, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Equal-Weight rating on Stanley Black & Decker (SWK) and reduced the price target from $98 to $92.

May 03, 2024 | 6:15 pm
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Wells Fargo maintains an Equal-Weight rating on Stanley Black & Decker and lowers the price target from $98 to $92.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in SWK's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered price target suggests a reduced optimism about the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100