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:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.