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Fly News Breaks for December 3, 2018
SWK
Dec 3, 2018 | 09:14 EDT
As reported previously, Baird analyst Timothy Wojs upgraded Stanley Black & Decker to Outperform from Neutral. The analyst said the delay in the Chinese tariffs will be a net benefit on top of consensus estimates that were already properly reset for tariff and cost headwinds. He now sees the possibility of positive earnings revisions and solid organic growth opportunities. Wojs raised his price target to $154 from $135 on Stanley Black & Decker shares.
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