The Dividend Daily

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 Dividend.com 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.