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Fly News Breaks for September 18, 2019
Sep 18, 2019 | 06:37 EDT
KeyBanc analyst Kenneth Zener last night downgraded Stanley Black & Decker to Sector Weight from Overweight without a price target. The analyst has taken a more selective posture on the household appliances space "as macro catalysts wane." Further, he sees limited valuation upside as "earnings momentum weakens." Stanley's upside catalysts of tool share gains and rising margins are balanced by downside catalysts of slowing industrial indicators and weaker non-U.S. trends, Zener tells investors in a research note. He awaits an upward earnings catalyst to get constructive on Stanley Black & Decker shares.
News For SWK From the Last 2 Days
Nov 14, 2019 | 10:07 EST
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Uber (UBER) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying he believes that the competitive landscape in the company's core Rides and Eats businesses is improving. 2. Stanley Black & Decker (SWK) upgraded to Buy from Underperform at BofA/Merrill with analyst Ross Gilardi saying 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." 3. Fiverr (FVRR) upgraded to Buy from Neutral at BofA/Merrill with analyst Nat Schindler saying the company's Q3 earnings beat expectations, demonstrating accelerating growth with improving efficiency. 4. Meritor (MTOR) upgraded to Overweight from Sector Weight at KeyBanc. 5. Allison Transmission (ALSN) upgraded to Buy from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.