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Fly News Breaks for January 25, 2018
SWK
Jan 25, 2018 | 06:43 EDT
JPMorgan analyst Michael Rehaut raised his price target for Stanley Black & Decker to $190 following the company's Q4 results. The drivers of earnings growth guidance being at the low end of the company's long term range are temporary, Rehaut tells investors in a research note. He sees some upside to guidance in 2018 from the company's utilization of its free cash flow. The analyst keeps an Overweight rating on Stanley Black & Decker.
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