Morgan Stanley Thinks Stanley Black & Decker Inc’s Stock is Going to Recover


Morgan Stanley analyst Joshua Pokrzywinski maintained a Buy rating on Stanley Black & Decker Inc (NYSE: SWK) today and set a price target of $148. The company’s shares opened today at $111.32, close to its 52-week low of $106.41.

According to TipRanks.com, Pokrzywinski is a 3-star analyst with an average return of 4.5% and a 44.4% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stanley Black & Decker Inc with a $158 average price target, which is a 41.9% upside from current levels. In a report issued on October 22, Gabelli also upgraded the stock to Buy with a $155 price target.

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The company has a one-year high of $176.62 and a one-year low of $106.41. Currently, Stanley Black & Decker Inc has an average volume of 1.4M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stanley Black & Decker, Inc. engages in the provision of power and hand tools, products and services for various infrastructure applications, mechanical access, and healthcare solutions. It also manufactures and markets commercial electronic security and monitoring systems.

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