UPDATE: Barclays Downgrades Stanley Black & Decker (SWK) to Equalweight; Remodeling Demand Constrained
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Price: $79.38 --0%
Rating Summary:
5 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 8 | New: 17
Rating Summary:
5 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 8 | New: 17
Trade SWK Now!
(Updated - August 20, 2012 12:22 PM EDT)
Barclays downgraded Stanley Black & Decker (NYSE: SWK) from Overweight to Equalweight with a price target of $75.00.
Analyst, Stephen Kim, said, "We believe that remodelling demand is being constrained by drastically reduced home equity and the recent weakening of consumer confidence. For, as strong as the residential construction market has been, it largely stands alone against a host of weakening economic statistics."
For an analyst ratings summary and ratings history on Stanley Black & Decker click here. For more ratings news on Stanley Black & Decker click here.
Shares of Stanley Black & Decker closed at $68.38 yesterday, with a 52 week range of $47.07-$81.90.
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Barclays downgraded Stanley Black & Decker (NYSE: SWK) from Overweight to Equalweight with a price target of $75.00.
Analyst, Stephen Kim, said, "We believe that remodelling demand is being constrained by drastically reduced home equity and the recent weakening of consumer confidence. For, as strong as the residential construction market has been, it largely stands alone against a host of weakening economic statistics."
For an analyst ratings summary and ratings history on Stanley Black & Decker click here. For more ratings news on Stanley Black & Decker click here.
Shares of Stanley Black & Decker closed at $68.38 yesterday, with a 52 week range of $47.07-$81.90.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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