BofA Merrill Lynch analyst Ross Gilardi upgraded Stanley Black & Decker to Buy from Underperform with a price target of $182, up from $135. Stanley has had $350M of annualized run-rate tariff headwind levied against it since the trade war began and any agreement to simply postpone future tariff hikes indefinitely would be positive, while a deal to roll back the September tariff hikes would be "a more important catalyst," Gilardi tells investors. He also believes the company is likely to "put its balance sheet to work" and could have "a very active M&A year" in 2020.