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Fly News Breaks for March 23, 2017
SWK
Mar 23, 2017 | 08:09 EDT
Baird analyst Shannon O'Callaghan raised his price target on Stanley Black & Decker to $147 from $137 following the closing of the Craftsman and Newell deals. The analyst said the Newell deal enhances and strengthens the company's core strength in Tools & Storage while the Craftsman deal provides an opportunity for strong leverage. O'Callaghan reiterated his Outperform rating on Stanley shares.
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