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SWK

Stanley Black & Decker

$120.83

-0.22 (-0.18%)

, NWL

Newell Brands

$52.09

0.6661 (1.30%)

15:19
10/13/16
10/13
15:19
10/13/16
15:19

Stanley Black & Decker working on sale of locks unit, Reuters says

Stanley Black & Decker (SWK) has retained Goldman Sachs to help conduct a sale of its mechanical locks unit, reports Reuters, citing sources. The business could fetch up to $1B, the sources told Reuters. The news comes after the company announced a $1.95B deal yesterday to acquire Newell Brands' (NWL) tools business. Reference Link

SWK

Stanley Black & Decker

$120.83

-0.22 (-0.18%)

NWL

Newell Brands

$52.09

0.6661 (1.30%)

  • 27

    Oct

  • 28

    Oct

  • 17

    Nov

SWK Stanley Black & Decker
$120.83

-0.22 (-0.18%)

07/25/16
ZELM
07/25/16
DOWNGRADE
ZELM
Hold
Stanley Black & Decker downgraded to Hold from Buy at Zelman
08/22/16
LBOW
08/22/16
DOWNGRADE
LBOW
Neutral
Stanley Black & Decker downgraded to Neutral from Buy at Longbow
Longbow analyst David MacGregor downgraded Stanley Black & Decker to Neutral siting balanced risk/reward as shares are up 35% since mid-Q1 2016.
08/22/16
08/22/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Workday (WDAY) downgraded to Mixed from Positive at OTR Global and to Hold from Buy at Needham with Needham analyst Scott Berg citing industry checks that indicate second quarter billings upside will be limited and Financials sales remain challenging. 2. Garmin (GRMN) downgraded to Market Perform from Outperform at Raymond James with analyst Tavis McCourt citing valuation. 3. Urban Outfitters (URBN) downgraded to Neutral from Buy at Goldman with analyst Lindsay Drucker Mann saying Urban has successfully turned around the UO brand and is near-peak operating performance, leaving less room for meaningful improvement from here. 4. Stanley Black & Decker (SWK) downgraded to Neutral from Buy at Longbow with analyst David MacGregor citing balanced risk/reward as shares are up 35% since mid-first quarter. 5. Madison Square Garden (MSG) downgraded to Hold from Buy at Jefferies with the firm citing valuation and lack of near-term catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
RBCM
10/12/16
NO CHANGE
RBCM
Top Pick
Newell should be able to offset dilution from Tools sale, says RBC Capital
RBC Capital analyst Nik Modi said the EPS dilution from Newell Brands' (NWL) sale of its Tools business to Stanley Black & Decker (SWK) came in slightly ahead of his expectations, but he believes Newell will be more than able to offset this through accelerated synergy realization and/or strategic, bolt-on M&A. Modi, who believes Newell ultimately can achieve up to $750M in synergies, keeps a Top Pick rating on Newell shares.
NWL Newell Brands
$52.09

0.6661 (1.30%)

08/01/16
UBSW
08/01/16
NO CHANGE
Target $59
UBSW
Buy
Newell Brands investor concerns over growth abating, says UBS
UBS said as Newell Brands investors concerns abate, their attention will turn to the long-term. The firm tweaked its growth forecast but raised its earnings forecast to reflect the company's underlying strength, better margin mix, and sales leverage benefits. UBS reiterated its Buy rating and raised its price target to $59 from $55 on Newell Brands shares.
08/01/16
MSCO
08/01/16
NO CHANGE
MSCO
Overweight
Newell Brands reiterated as a Top pIck at Morgan Stanley
Morgan Stanley analyst Dara Mohsenian said Newell Brands' valuation does not reflect growth opportunities post the Jarden deal. The analyst believes Newall's market share gains are sustainable and sees substantial earnings upside for the combined entity. Mohsenian reiterates Newall as an Overweight and Top Pick with plenty of room for multiple expansion.
09/14/16
JEFF
09/14/16
NO CHANGE
Target $66
JEFF
Buy
Newell Brands remains a top pick at Jefferies
Jefferies analyst Kevin Grundy says his regional market analysis suggests that Yankee Candle can double sales to $2B over the next six-to-seven years. He believes shares of Newell Brands remain undervalued and expects consensus estimates to move higher. The analyst calls the stock a top pick with a Buy rating and $66 price target.

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Brinker

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AMAT

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TSS

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  • 23

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NTRA

Natera

$9.87

-0.31 (-3.05%)

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Initiation
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BETR

Amplify Snack Brands

, HSY

Hershey

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Amplify Snack Brands, Hershey analyst commentary  »

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HSY

Hershey

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PYPL

PayPal

$80.42

-0.12 (-0.15%)

09:34
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  • 08

    Mar

BBVA

Banco Bilbao

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CMA

Comerica

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CWT

California Water Service

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ASML

ASML

$186.38

5.51 (3.05%)

09:32
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Hot Stocks
ASML announces EUR 2.5B share buyback program, to boost dividend »

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  • 17

    Jan

HAWK

Blackhawk

$45.05

8.55 (23.42%)

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FCX

Freeport McMoRan

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  • 25

    Jan

ASML

ASML

$186.38

5.51 (3.05%)

09:31
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Earnings
ASML sees Q1 net sales around EUR 2.2B »

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  • 17

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HALO

Halozyme

$19.74

-0.62 (-3.05%)

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  • 18

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FLT

FleetCor

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ASML

ASML

$186.38

5.51 (3.05%)

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Earnings
ASML reports Q4 EPS EUR1.49 vs. EUR1.22 a year ago »

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USB

U.S. Bancorp

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  • 17

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CDK

CDK Global

$74.57

-1.2 (-1.58%)

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  • 30

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FISV

Fiserv

$137.51

0.29 (0.21%)

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FGP

Ferrellgas Partners

09:26
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Ferrellgas Partners announces sale of Bridger Energy, terms not announced »

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USB

U.S. Bancorp

09:26
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U.S. Bancorp says expects positive operating leverage in FY18 »

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