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Stock impact report

Stanley Black & Decker (SWK) Target Lifted as Baird Revises Model Post-Divestiture [Yahoo! Finance]

Stanley Black & Decker, Inc. (SWK) 
Last stanley black & decker, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stanleyblackanddecker.com
Company Research Source: Yahoo! Finance
On December 23, Baird analyst Timothy Wojs raised the firm's price target on Stanley Black & Decker, Inc. (NYSE:SWK) to $85 from $75 and kept a Neutral rating on the shares. The update followed the company's announcement to sell its Consolidated Aerospace Manufacturing division, which prompted Baird to revise its model. On December 22, Stanley Black & Decker, Inc. (NYSE:SWK) said it had entered into a definitive agreement to sell its Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion in cash. CAM supplies critical fasteners, fittings, and other engineered components used across the aerospace and defense industries. Chris Nelson, Stanley Black & Decker's President & CEO, made the following comment: “Divesting CAM reflects our ongoing dedication to enhancing shareholder value and focusing on growing our biggest brands and businesses. The proceeds from this transaction are expected to significantly reduce our debt, positioning us to achieve our targ Show less Read more
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