Morgan Stanley Maintains Equal-Weight on Stanley Black & Decker, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Chris Snyder has maintained an Equal-Weight rating on Stanley Black & Decker (NYSE:SWK) but has lowered the price target from $107 to $98.
October 30, 2024 | 5:39 pm
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Morgan Stanley has maintained an Equal-Weight rating on Stanley Black & Decker but reduced the price target from $107 to $98, indicating a more cautious outlook.
The reduction in the price target from $107 to $98 by Morgan Stanley suggests a less optimistic view on Stanley Black & Decker's future performance, which could lead to a negative short-term impact on the stock price.
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