Stanley Black Decker''s Slow Recovery In Margins Sales Triggers Price Target Cut By This Analyst
Credit Suisse analyst Dan Oppenheim lowered the price target for Stanley Black Decker, Inc. (NYSE: SWK ) to $125 (an upside of 23.3%) from $165 while maintaining the Outperform rating on the shares. The analyst states that his more cautious estimates and target reflect concern that a recovery in margins and sales will likely occur gradually over the course of 2023, with that partially offset by the company’s $2 billion global cost reduction program. Oppenheim reduced the estimates for the company based on the near-term impact from slower sales and … Full story available on Benzinga.com
Stanley Black Decker''s Slow Recovery In Margins Sales Triggers Price Target Cut By This Analyst
Credit Suisse analyst Dan Oppenheim lowered the price target for Stanley Black Decker, Inc. (NYSE: SWK ) to $125 (an upside of 23.3%) from $165 while maintaining the Outperform rating on the shares. The analyst states that his more cautious estimates and target reflect concern that a recovery in margins and sales will likely occur gradually over the course of 2023, with that partially offset by the company’s $2 billion global cost reduction program. Oppenheim reduced the estimates for the company based on the near-term impact from slower sales and … Full story available on Benzinga.com