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.
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