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Investing.com - Jefferies raised its price target on Stanley Black & Decker (NYSE:SWK) to $86.00 from $82.00 while maintaining a Buy rating on the stock.
The firm cited recent leadership changes at the company, including the upcoming transition of Chris Nelson, currently COO & EVP of Tools & Outdoor, who will succeed Don Allan, Jr. as President & CEO in the coming weeks.
Jefferies also noted additional organizational shifts below the executive suite, highlighting that Stanley Black & Decker hired a new VP of Global Quality and a new VP of Engineering Excellence earlier this month.
The research firm expects these new appointments to support the company’s return to sustainable organic growth, reinforcing its positive outlook on the stock.
Jefferies reiterated its Buy recommendation on Stanley Black & Decker shares following these organizational developments and subsequent price target adjustment.
In other recent news, Stanley Black & Decker reported its Q2 2025 earnings, which included an adjusted earnings per share (EPS) of $1.08. This figure significantly exceeded analysts’ expectations of $0.41, resulting in an EPS surprise of 163.41%. Despite this positive earnings performance, the company reported revenue of $3.9 billion, falling short of the anticipated $4 billion and marking a 2% decline compared to the previous year. These financial results highlight a mixed performance, with strong earnings overshadowed by weaker-than-expected revenue figures. The earnings report reflects recent developments that investors are closely monitoring.
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