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Barclays Sticks to Their Buy Rating for Stanley Black & Decker (SWK)

Tipranks - Tipranks - Thu Apr 2, 4:18AM CDT

Barclays analyst Julian Mitchell maintained a Buy rating on Stanley Black & Decker today and set a price target of $95.00.

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According to TipRanks, Mitchell is a 5-star analyst with an average return of 13.8% and a 60.60% success rate. Mitchell covers the Industrials sector, focusing on stocks such as Eaton, nVent Electric, and Regal Rexnord.

In addition to Barclays, Stanley Black & Decker also received a Buy from TipRanks – Google’s Google Manufacturing – Tools and Accessories in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Stanley Black & Decker (NYSE: SWK).

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Based on Stanley Black & Decker’s latest earnings release for the quarter ending January 3, the company reported a quarterly revenue of $3.68 billion and a net profit of $158.2 million. In comparison, last year the company earned a revenue of $3.72 billion and had a net profit of $194.9 million

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