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SWK

Stanley Black & Decker

$113.08

-3.99 (-3.41%)

, HD

Home Depot

$176.93

-1.57 (-0.88%)

06:05
10/25/18
10/25
06:05
10/25/18
06:05

Stanley Black & Decker announces exclusive partnership with Home Depot

Stanley Black & Decker (SWK) announces that the Home Depot (HD) will now be the exclusive home improvement retailer for its Stanley hand tools and storage product portfolio, both in store and online, beginning in 2019. In addition, The Home Depot will also garner exclusivity across the Stanley FATMAX product line, the world's leading tape measure brand known for innovation and durability. With a 175-year history in designing and manufacturing the most reliable tools for all users, the Stanley brand, including Stanley FATMAX, is now entering into one of the largest exclusivity partnerships in the tools and storage industry.

SWK

Stanley Black & Decker

$113.08

-3.99 (-3.41%)

HD

Home Depot

$176.93

-1.57 (-0.88%)

  • 25

    Oct

SWK Stanley Black & Decker
$113.08

-3.99 (-3.41%)

09/17/18
09/17/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Reliance Steel (RS) initiated with a Neutral at Citi. 2. Bausch Health (BHC) assumed with an Overweight at Barclays. 3. Stanley Black & Decker (SWK) initiated with an Outperform at Credit Suisse. 4. Aramark (ARMK) initiated with an Outperform at Bernstein. 5. Kraft Heinz (KHC) was assumed with an Underweight at Morgan Stanley, while Mondelez (MDLZ), General Mills (GIS), and Kellogg (K) were assumed with an Equal Weight. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/18
FBCO
10/17/18
NO CHANGE
Target $160
FBCO
Outperform
Stanley Black & Decker price target lowered to $160 from $170 at Credit Suisse
Credit Suisse analyst Susan Maklari lowered her price target for Stanley Black & Decker to $160 from $170 based on a DCF assuming: 5% EBITDA growth over the next 10 years, a 3% terminal growth rate and 10% WACC. The analyst believes the company can leverage its category positioning as well as ongoing focus on cost improvement through its Stanley Fulfillment System to offset inflationary and trade-related headwinds, allowing for margin expansion through 2019. She reiterates an Outperform rating on the shares.
10/22/18
GABE
10/22/18
UPGRADE
GABE
Buy
Stanley Black & Decker upgraded to Buy from Hold at Gabelli
10/22/18
GABE
10/22/18
UPGRADE
GABE
Buy
Follow-up: Stanley Black & Decker upgraded to Buy at Gabelli
As previously reported, Gabelli upgraded Stanley Black & Decker to Buy from Hold with a $155 price target. Analyst Justin Bergner believes a miss and guidance down is already reflected in the stock price ahead of Q3 results and is positive on long-term outsized growth. Bergner believes the Sears bankruptcy will "bolster" the Craftsman brand through Stanley, tariffs will be a competitive advantage versus peers, and views the outgrowth story as intact.
HD Home Depot
$176.93

-1.57 (-0.88%)

10/17/18
10/17/18
DOWNGRADE

Neutral
Home Depot, Lowe's downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Seth Sigman downgraded Home Depot (HD) and Lowe's (LOW), both to Neutral from Outperform, citing his concern that their recent results and stock prices have disconnected from housing. While he sees good reasons for that, Sigman thinks it's difficult to assume that continues, he tells investors. He continues to view Home Depot as best-in-class in retail, but struggle to find multiple upside from its current premium level as housing sentiment shifts and some uncertainty arises, said Sigman, who cut his price target on the stock to $204 from $222. While he continues to expect meaningful improvement in sales and operating profit at Lowe's under new CEO Marvin Ellison, Sigman thinks consensus estimates are baking that in. He lowered his price target on Lowe's shares to $111 from $115.
10/17/18
10/17/18
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. Infosys (INFY) downgraded to Neutral from Buy at Goldman Sachs with analyst Sumeet Jain saying yesterday's Q2 results were in-line but at the expense of "unexpectedly" higher investments. 2. Netflix (NFLX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Andy Hargreaves citing quarterly results. While the analyst maintains a favorable view of Netflix's strategic positioning, he believes improving investment efficiency or significant ancillary opportunities are needed to drive upside from current levels, and he does not anticipate either over the next year. 3. Home Depot (HD), Lowe's (LOW), KB Home (KBH), and Lennar (LEN) were downgraded to Neutral from Outperform at Credit Suisse. 4. Del Taco (TACO) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh citing the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing. 5. Scorpio Bulkers (SALT) downgraded to Neutral from Overweight at JPMorgan with analyst Noah Parquette citing the company's related party transactions and recent investment in Scorpio Tankers (STNG) for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/22/18
WELS
10/22/18
NO CHANGE
Target $220
WELS
Outperform
Home Depot price target lowered to $220 from $230 at Wells Fargo
Wells Fargo analyst Zachary Fadem lowered his price target for Home Depot to $220 from $230, owing solely to multiple compression in a more defensive environment. The analyst notes that his Outperform rating on the shares is strongly intact as the U.S. consumer remains very strong, and believes Home Depot can continue to win and take share in both good and mixed economic climates.
10/23/18
MSCO
10/23/18
NO CHANGE
Target $200
MSCO
Overweight
Home Depot, Lowe's price targets lowered on 'yellow flags' at Morgan Stanley
Morgan Stanley analyst Simeon Gutman said "yellow flags" have emerged in the housing market over the last several months and he now believes a moderation in demand seems likely over the next 6-12 months. Of note, his firm's survey of contractors showed lower optimism around future conditions, Gutman pointed out. Home Depot (HD) and Lowe's (LOW) shares, which have retreated about 13% month-to-date, are "clearly pricing in some degree of moderation," said Gutman, who estimates the stocks are pricing in 2019 comp growth of 4% and 3%, respectively. He lowered his price target on Home Depot shares to $200 from $225 and cut his Lowe's target to $110 from $125, but he maintains Overweight ratings on both home improvement stocks.

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MDT

Medtronic

$89.02

1.22 (1.39%)

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Hormel Foods

$39.48

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BBY

Best Buy

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BJ

BJ's Wholesale

$26.50

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HFC

HollyFrontier

$42.69

-1.45 (-3.29%)

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PS

Pluralsight

$33.43

-0.58 (-1.71%)

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Microsoft

$127.67

0.77 (0.61%)

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Recommendations
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Pluralsight

$33.43

-0.58 (-1.71%)

MSFT

Microsoft

$127.67

0.77 (0.61%)

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GTE

Gran Tierra

$2.09

-0.03 (-1.42%)

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PGR

Progressive

$80.47

0.44 (0.55%)

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CRM

Salesforce

$157.60

1.83 (1.17%)

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MRCY

Mercury Systems

$70.96

0.08 (0.11%)

19:05
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Mercury Systems 6M share Secondary priced at $69.00 »

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RNG

RingCentral

$122.58

0.14 (0.11%)

18:57
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RingCentral CEO: We have an all in one solution for business communications »

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LB

L Brands

$24.29

1.605 (7.08%)

, VIPS

Vipshop

$7.75

0.095 (1.24%)

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LB

L Brands

$24.29

1.605 (7.08%)

VIPS

Vipshop

$7.75

0.095 (1.24%)

CPRT

Copart

$64.99

-0.91 (-1.38%)

CTRP

Ctrip

$37.78

-0.09 (-0.24%)

SNPS

Synopsys

$115.10

-0.63 (-0.54%)

AVP

Avon Products

$4.07

0.875 (27.39%)

GILD

Gilead

$67.25

0.73 (1.10%)

IOVA

Iovance Biotherapeutics

$17.71

1.5 (9.25%)

AMGN

Amgen

$173.23

3.61 (2.13%)

NTAP

NetApp

$62.58

-7.43 (-10.61%)

SCVL

Shoe Carnival

$29.65

-2.6 (-8.06%)

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

SBLK

Star Bulk Carriers

$8.13

-0.13 (-1.57%)

ONVO

Organovo

$0.78

-0.158 (-16.84%)

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HMC

Honda

$25.54

-0.17 (-0.66%)

, TKTDY

Takata

$0.00

(0.00%)

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Honda

$25.54

-0.17 (-0.66%)

TKTDY

Takata

$0.00

(0.00%)

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  • 05

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DSNKY

Daiichi Sankyo

$0.00

(0.00%)

18:39
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Periodicals
Breaking Periodicals news story on Daiichi Sankyo »

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  • 31

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SPOT

Spotify

$127.10

-5.06 (-3.83%)

18:27
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Spotify resets some users' passwords over 'suspicious activity,' TechCrunch says »

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IDXX

Idexx Laboratories

$250.45

1.24 (0.50%)

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  • 05

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OMC

Omnicom

$79.79

-0.3 (-0.37%)

18:15
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Omnicom CEO sells 60.5K shares of common stock »

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BSX

Boston Scientific

$37.74

0.04 (0.11%)

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:03
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Ctrip reports Q1 gross margin 79% vs. 82% a year ago »

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:02
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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:01
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Earnings
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CE

Celanese

$100.10

-0.18 (-0.18%)

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XRAY

Dentsply Sirona

$54.64

-0.25 (-0.46%)

17:57
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SIM

Grupo Simec

$9.23

(0.00%)

17:55
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17:55
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CPRT

Copart

$64.78

-1.12 (-1.70%)

17:51
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Earnings
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