As previously reported, Longbow analyst David Macgregor upgraded Stanley Black & Decker to Buy from Neutral citing his analysis of its opportunity with the Craftsman brand through 2022. Macgregor forecasts that the investment in Craftsman and associated initiatives are capable of driving over $1.1B of 2022 revenue and 94c in incremental adjusted EPS and views the company as well-positioned to hit their targeted $12B-$14B of 2022 Tools & Storage revenue. He also views the shares as oversold and would recommend a more aggressive purchase on any weakness around the Q1 earnings report, said Macgregor, who has a $160 price target on Stanley Black & Decker shares.