Wells Fargo Maintains Equal-Weight on Stanley Black & Decker, Lowers Price Target to $104
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Wells Fargo analyst Joseph O'Dea maintains an Equal-Weight rating on Stanley Black & Decker (SWK) but lowers the price target from $110 to $104.
October 07, 2024 | 8:23 pm
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Wells Fargo has maintained its Equal-Weight rating on Stanley Black & Decker but has lowered the price target from $110 to $104, indicating a more cautious outlook.
The lowering of the price target by Wells Fargo suggests a more cautious outlook on Stanley Black & Decker's future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
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