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Stock impact report

Wells Fargo Cuts Stanley Black & Decker (SWK) Target, Flags Housing Weakness [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
Wells Fargo Cuts Stanley Black & Decker (SWK) Target, Flags Housing Weakness On April 8, Wells Fargo analyst Joseph O'Dea lowered the firm's price recommendation on Stanley Black & Decker, Inc. (NYSE:SWK) to $75 from $82. It reiterated an Equal Weight rating on the shares. The firm noted that housing stocks have lagged the SPX by 12 points following the start of the Iran war. Even so, Wells Fargo said the group is not fully derisked heading into Q1, which keeps the firm selective across its calendar reporters. On April 6, the company said it completed the previously announced sale of its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for about $1.8 billion in cash. Stanley Black & Decker expects to use net proceeds of roughly $1.57 billion, after taxes and fees, to reduce debt. Chris Nelson, Stanley Black & Decker's President & CEO, made the following statement: “The successful sale of CAM further focuses our portfolio on our core businesses. The proc Show less Read more
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