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Morgan Stanley Sticks to Their Hold Rating for Stanley Black & Decker (SWK)

Tipranks - Tipranks - Tue Aug 11, 7:36AM CDT

Morgan Stanley analyst Christopher Snyder maintained a Hold rating on Stanley Black & Decker today and set a price target of $96.00.

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Snyder covers the Industrials sector, focusing on stocks such as Stanley Black & Decker, 3M, and Acuity Brands. According to TipRanks, Snyder has an average return of 13.4% and a 59.91% success rate on recommended stocks.

In addition to Morgan Stanley, Stanley Black & Decker also received a Hold from Goldman Sachs’s Joe Ritchie in a report issued on July 29. However, on July 31, Citi maintained a Buy rating on Stanley Black & Decker (NYSE: SWK).

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Based on Stanley Black & Decker’s latest earnings release for the quarter ending July 4, the company reported a quarterly revenue of $3.96 billion and a net profit of $351.3 million. In comparison, last year the company earned a revenue of $3.95 billion and had a net profit of $101.9 million

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