Morgan Stanley has increased its price target for Stanley Black & Decker (SWK) to $87 from $80, maintaining an “Equal Weight” rating. The revision is based on the potential for EPS improvement driven by stronger gross margins, despite ongoing market challenges and intense competition in the Tools & Outdoor segment. The company also announced a regular quarterly cash dividend of $0.83 per share.
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Morgan Stanley Raises Stanley Black & Decker (SWK) Price Forecast, Cites Margin Recovery Potential
Morgan Stanley has increased its price target for Stanley Black & Decker (SWK) to $87 from $80, maintaining an “Equal Weight” rating. The revision is based on the potential for EPS improvement driven by stronger gross margins, despite ongoing market challenges and intense competition in the Tools & Outdoor segment. The company also announced a regular quarterly cash dividend of $0.83 per share.