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Fly News Breaks for January 31, 2020
SWK
Jan 31, 2020 | 08:32 EDT
Buckingham analyst Robert Barry raised his price target for Stanley Black & Decker to $164 from $157 and maintained a Neutral rating following Thursday's Q4 results. While Barry thinks the company's expectation for mid-single digit top line growth in Tools this year looks optimistic, he is not concerned about it hitting its EPS targets this year. In addition to sizable announced cost actions, the analyst thinks commodities could be a benefit, tariff pressures look stable and FX headwinds are limited.