Morgan Stanley Lowers Price Target for Stanley Black & Decker Despite Operational Improvements
On May 28, Morgan Stanley reduced its price target for Stanley Black & Decker (SWK) to $84 from $87 while maintaining an Equal Weight rating. The firm acknowledged the company's progress in restructuring and improved gross margins but cited ongoing competitive pressures and a weak Tools & Outdoor market as concerns.
Topics: Dividend Stocks Stock Analysis Tools & Outdoor Market