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Fly News Breaks for October 25, 2019
SWK
Oct 25, 2019 | 10:47 EDT
As previously reported, Zelman downgraded Stanley Black & Decker shares to Hold from Buy following the company's weak Q4 guidance and softer 2020 outlook. While the company has executed "impressively" in an increasingly difficult environment, the firm believes strong execution are reasonably reflected in the stock's current valuation. The firm revised its weighted-average fair value target on the stock to $150.
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