Barclays analyst Julian Mitchell raised his price target for Stanley Black & Decker to $175 from $161 after hosting investor meetings with CFO Don Allen earlier this week. The analyst came away more confident that the company's earnings downgrade revision cycle of the past two years is drawing to a close. This should enable Stanley to retrace its underperformance since the 2017 highs, Mitchell tells investors in a research note. He believes the company can generate at least mid-single-digit earnings growth in 2020, hitting the Street estimate, assuming no tariff relief, no benefits from margin resiliency efforts, limited input cost tailwinds, no Industrial recovery, and limited capital deployment. Mitchell keeps an Overweight rating on Stanley Black & Decker.