Baird analyst Timothy Wojs lowered the firm’s price target on Stanley Black & Decker to $82 from $90 and keeps a Neutral rating on the shares. The firm said its turnaround initiatives appear to progressing nicely with Q4 highlighting better-than-expected sequential gross margin improvement, better inventory depletion, and FCF toward higher end of expectations and noting 2024 guidance includes consensus near the high-end of range.
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