Wells Fargo Downgrades Stanley Black & Decker to Equal-Weight, Announces $105 Price Target
Wells Fargo analyst Joseph O'Dea downgrades Stanley Black & Decker (NYSE:SWK) from Overweight to Equal-Weight and announces $105 price target.
8 Analysts Have This to Say About Stanley Black & Decker
Analysts have provided the following ratings for Stanley Black & Decker (NYSE:SWK) within the last quarter:
Vertical Research Downgrades Stanley Black & Decker to Hold
Vertical Research analyst Jeffrey Sprague downgrades Stanley Black & Decker (NYSE:SWK) from Buy to Hold.
This Healthcare Stock Tumbled 43%; Here Are 88 Biggest Movers From Yesterday
Gainers
Athersys, Inc. (NASDAQ: ATHX) climbed 71.1% to close at $0.3250 on Thursday after gaining 10% on Wednesday. Athersys is expected to release its Q2 financial results on Thursday, August 11, 2022.
Stanley Black & Decker Shares Plunge On Q2 Miss, FY22 Guidance Cut
Stanley Black & Decker, Inc. (NYSE:SWK) reported second-quarter FY22 revenue growth of 15.6% year-over-year to $4.39 billion, led by acquisitions…
Stanley Black & Decker Updates FY22 Adj. EPS Guidance From $9.50-$10.50 To $5.00-$6.00 vs $9.72 Est.
Corbin Walburger, Interim CFO, commented, "We are taking measures that adjust our cost base and inventory for a demand environment that returns to 2019 levels, which is the current lower bound of our
Stanley Black & Decker Q2 Adj. EPS $1.77 Misses $2.12 Estimate, Sales $4.40B Miss $4.77B Estimate
Stanley Black & Decker (NYSE:SWK) reported quarterly earnings of $1.77 per share which missed the analyst consensus estimate of $2.12 by 16.51 percent. This is a 42.53 percent decrease over earnings of $3.08 per share
Morgan Stanley Maintains Overweight on Stanley Black & Decker, Lowers Price Target to $130
Morgan Stanley analyst Joshua Pokrzywinski maintains Stanley Black & Decker (NYSE:SWK) with a Overweight and lowers the price target from $137 to $130.