On Oct 30, major Wall Street analysts update their ratings for $Stanley Black & Decker (SWK.US)$, with price targets ranging from $100 to $102.
Barclays analyst Julian Mitchell maintains with a hold rating, and adjusts the target price from $86 to $100.
Wells Fargo analyst Joe O'Dea maintains with a hold rating, and adjusts the target price from $104 to $100.
Mizuho Securities analyst Brett Linzey maintains with a hold rating.
Baird analyst Timothy Wojs maintains with a hold rating, and adjusts the target price from $80 to $102.
Furthermore, according to the comprehensive report, the opinions of $Stanley Black & Decker (SWK.US)$'s main analysts recently are as follows:
The company reported a slight core gain, even though it is anticipated that the softness in end-markets will persist until early 2025. This extended softness could defer the achievement of gross margin goals to 2026. Incremental cost savings might become necessary to mitigate the impact of reduced volumes.
The assessment indicates that gross margin is the key performance indicator, with ongoing demand challenges possibly postponing the achievement of the over 35% target. Nevertheless, despite a shortfall in revenue, third-quarter margins aligned with expectations.
Here are the latest investment ratings and price targets for $Stanley Black & Decker (SWK.US)$ from 4 analysts:
Note:
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