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Fly News Breaks for March 6, 2019
SWK
Mar 6, 2019 | 09:10 EDT
Wells Fargo analyst Rich Kwas raised his price target for Stanley Black & Decker to $150 from $141 after meeting with the company's CFO Don Allan. Overall, the analyst believes the earnings set up is better versus a year ago and there is more room for outperformance than not. Longer-term, there is good opportunity to structurally improve gross margin via greater use of technology in manufacturing, procurement improvement, and better pricing execution, he contends. Kwas reiterates an Outperform rating on the shares.
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