Morgan Stanley raised its price target for Stanley Black & Decker (SWK) to $87 from $80, maintaining an Equal Weight rating, citing potential for EPS improvement driven by stronger gross margins. Despite the increase, the firm noted ongoing challenges like intense competition and a slow recovery in the Tools & Outdoor segment, observing no clear catalyst for a significant turnaround. The company also announced a regular first-quarter cash dividend of $0.83 per common share.
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Morgan Stanley Raises Stanley Black & Decker (SWK) Price Forecast, Cites Margin Recovery Potential
Morgan Stanley raised its price target for Stanley Black & Decker (SWK) to $87 from $80, maintaining an Equal Weight rating, citing potential for EPS improvement driven by stronger gross margins. Despite the increase, the firm noted ongoing challenges like intense competition and a slow recovery in the Tools & Outdoor segment, observing no clear catalyst for a significant turnaround. The company also announced a regular first-quarter cash dividend of $0.83 per common share.