Stanley Black & Decker (SWK) recently attracted headline news. After Meyer Handelman Co. reduced its position in SWK stock, the stock underperformed when compared to competitors, despite daily gains. However, SWK announced its third-quarter 2024 earnings release date and appointed a new Chief Human Resources Officer. The notable increase in short interest in Stanley Black & Decker and a rise in RS rating led to a 32% soar in the stock in July. Meanwhile, Stanley Black & Decker's CEO hinted at potential unit sales growth, with The Goldman Sachs Group increasing its stock price target to $107.00. Jim Cramer commented positively on the company’s Q2 earnings, which exceeded estimates. Moreover, the company looks favorable as it appears to be a good pick for top momentum and it navigates market challenges with strategic cost reductions. Barclays recently downgraded the company to Equalweight but it continues to present as a strong pick for long-term value investment. The company's direction for 2025 remains uncertain.
Stanley Black Decker SWK News Analytics from Fri, 15 Dec 2023 08:00:00 GMT to Sat, 12 Oct 2024 13:27:41 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -6
