On Oct 31, major Wall Street analysts update their ratings for $Stanley Black & Decker (SWK.US)$, with price targets ranging from $94 to $100.
Morgan Stanley analyst Christopher Snyder maintains with a hold rating, and adjusts the target price from $107 to $98.
Goldman Sachs analyst Joe Ritchie maintains with a hold rating, and adjusts the target price from $89 to $94.
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.
Furthermore, according to the comprehensive report, the opinions of $Stanley Black & Decker (SWK.US)$'s main analysts recently are as follows:
The company's third-quarter segment EBIT outcomes surpassed the general expectations, fueled by robust performance in the Industrial and Tools & Outdoor sectors. Despite this, the overall growth environment remains difficult, with projections indicating that organic sales will continue their current trajectory in the fourth quarter. A more definitive view regarding the company's growth recovery trajectory is anticipated before any stance changes.
The company recorded a slight core uptick, with the expectation that end-market sluggishness will persist into early 2025. This could delay the achievement of gross margin targets until 2026, implying that additional cost savings will be required to mitigate the impact of reduced volumes.
Persistent demand challenges may postpone the achievement of the key performance indicator of a 35%+ gross margin target. Despite this, the third-quarter margin aligned with estimates, even in the face of a revenue shortfall.
Here are the latest investment ratings and price targets for $Stanley Black & Decker (SWK.US)$ from 4 analysts:
Note:
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