UBS Remains Bullish on Stanley Black & Decker, Inc. (SWK) Following Earnings
UBS analyst Shannon O’Callaghan weighed in on Stanley Black & Decker, Inc. (NYSE:SWK) following the company’s second quarter earnings results.
The analyst commented on the company’s earnings figures, noting, “Tools & Storage organic sales increased 8% (+7% volume; +1% price) in 2Q with power tools up 10% (consistent across professional and consumer) and hand tools up 2%, with construction hand tools up HSD and industrial markets still challenged.” The increases were due in part to increased sales in North America and Europe, specifically U.K. and France.
Following the company’s earnings, the analyst reiterates a Buy rating on the company and raises her price target from $125 to $135.
According to TipRanks, Shannon O’Callaghan has a 79% success rate recommending stocks with a 14.6% average return per rating.