Keybanc Raises PT on Stanley Black and Decker (SWK)

Keybanc Raises PT on Stanley Black and Decker (SWK)


Keybanc reported on Friday that they have increased their price target for tool company, Stanley Black & Decker, Inc.(SWK).

The firm, which currently has a “Buy” rating on SWK, has increased their price target for the company to $85. This price target suggests a 9.5% increase from the stock’s current price of $76.89.

Analysts have increased the company’s price target because the company is cutting costs.

Stanley Black & Decker shares were down 42 cents, or -0.54% during Friday morning trading. The stock has increased 6% in the past year.

The Bottom Line
Shares of Stanley Black & Decker (SWK) have a 2.54% dividend yield, based on last night’s closing stock price of $77.22. The stock has technical support in the $70-$75 price area. The stock is trading near the all-time high range of $80-$81 a share.

Stanley Black & Decker, Inc.(SWK) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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