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Stanley Black & Decker’s Target, Estimates Cut at Credit Suisse (SWK)

Hand and power tools maker Stanley Black & Decker, Inc. ( SWK ) on Friday saw its price target and earnings estimates lowered by analysts at Credit Suisse.

The firm maintained its "Outperform" rating on SWK but cut its price target to $75. That new target suggests a smaller 36% upside to the stock's Thursday closing price of $55.23.

Credit Suisse also noted it reduced its estimates for the company, citing lower expected demand in coming quarters.

Stanley Black & Decker shares were unchanged in premarket trading Friday.

The Bottom Line

Shares of Stanley Black & Decker ( SWK ) have a 2.97% dividend yield, based on last night's closing stock price of $55.23. The stock has technical support in the $48-$50 price area. If the shares can firm up, we see overhead resistance around the $60-$62 price levels.

Stanley Black & Decker, Inc. ( SWK ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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