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Fly News Breaks for July 1, 2015
SWK
Jul 1, 2015 | 08:21 EDT
As previously reported, Longbow upgraded Stanley Black & Decker to Buy from Neutral with a $130 price target. The firm's power tool retailers survey indicates tool sales in North America are tracking high single/low double digits with contacts expressing confidence in 2H growth. Longbow is modeling 5% organic growth for T&S and accelerated share repurchases combined with expected M&A as early as 2H 2015.
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