Stanley Black & Decker shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight and lowered its price target from $100 to $86.
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight and lowered its price target from $100 to $86.
June 04, 2024 | 5:52 pm
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NEGATIVE IMPACT
Stanley Black & Decker shares are trading lower following a downgrade by Barclays from Overweight to Equal-Weight, with a reduced price target from $100 to $86.
The downgrade by Barclays and the reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price of Stanley Black & Decker.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100