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Fly News Breaks for April 21, 2017
SWK
Apr 21, 2017 | 12:07 EDT
As previously reported, KeyBanc analyst Kenneth Zener upgraded Stanley Black & Decker to Overweight from Sector Weight as he thinks its acquisitions of Irwin, Lenox and Craftsman, as well as new products, position it to deliver sustained EBIT growth. Additionally, the company should have further cash for M&A in 2018 and beyond and he expects that deals can improve its existing advantages in industrial markets, Zener tells investors. He set a $160 price target on Stanley shares.
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