JPMorgan downgraded Stanley Black & Decker to Underweight from Neutral with an $89 price target. Following a “strong rebound year” for building products, JPMorgan is less constructive and more selective towards the sector compared to its more positive stance on homebuilders. The firm favors new residential over remove and replace.
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Read More on SWK:
- Commercial Vehicle Group appoints James Ray as president, CEO
- Stanley Black & Decker files automatic mixed securities shelf
- Stanley Black & Decker price target raised to $94 from $86 at Deutsche Bank
- Stanley Black & Decker price target lowered to $105 from $120 at Barclays
- Stanley Black & Decker upgraded at Citi on better-than-expected margin recovery