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Fly News Breaks for April 25, 2019
SWK
Apr 25, 2019 | 07:38 EDT
JPMorgan analyst Michael Rehaut raised his price target for Stanley Black & Decker to $160 from $133 saying he remains encouraged by the company's "continued solid top-line execution" following its Q1 results. Further, the analyst expects "incremental visibility" to emerge surrounding a multi-year margin improvement opportunity as part of Stanley's May 16 investor day. Rehaut keeps an Overweight rating on the shares.
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