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Wells Fargo Remains a Hold on Stanley Black & Decker (SWK)

Tipranks - Tipranks - Thu Apr 9, 5:22AM CDT

Wells Fargo analyst Joe O’Dea maintained a Hold rating on Stanley Black & Decker today and set a price target of $75.00.

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O’Dea covers the Industrials sector, focusing on stocks such as Acuity Brands, Lennox International, and 3M. According to TipRanks, O’Dea has an average return of 10.4% and a 59.31% success rate on recommended stocks.

In addition to Wells Fargo, Stanley Black & Decker also received a Hold from TipRanks – OpenAI’s OpenAI Manufacturing – Tools and Accessories in a report issued yesterday. However, on April 6, TipRanks – Google upgraded Stanley Black & Decker (NYSE: SWK) to a Buy.

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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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