Stanley Black & Decker (SWK) Tops Q4 EPS by 1c

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Imperial Capital Cuts Price Target on Stanley Black & Decker (SWK) as Currency and Slower Economies Impact 4Q Results

January 29, 2016 8:08 AM EST

Imperial Capital maintained an In-Line rating on Stanley Black & Decker (NYSE: SWK), and cut the price target to $103.00 (from $110.00), following the company's 4Q earnings report. Quarterly revenue of $2.8bn was below estimates of $2.9bn. Adjusted EBITDA of $452mn was below estimates of $476mn.... More