Deutsche Bank Downgrades Stanley Works (SWK) to Hold

July 21, 2008 9:27 AM EDT

Deutsche Bank downgrades Stanley Works (NYSE: SWK) from Buy to Hold and lowered their price target to $52, saying they expect to see growing signs of weakness in European and non-res markets, which could lead to a 2Q08 EPS shortfall and lower FY08 guidance.


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