Stanley Black & Decker rises after Mizuho hikes PT

Stanley Black & Decker

16/05/2025 15:48

** Power tool maker Stanley Black & Decker's SWK.N shares rise 1% to $72 in early trading

       ** Mizuho raises PT to $90 from $80, an upside of 27.3% to the stock's last close

       ** Reiterates rating of 'outperform'

       ** Says 90-day pause of tariffs on China provides significant tailwind to co

      ** Brokerage says that despite earlier uncertainty on co's long-term outlook, recent tariff cuts helped investor worries subside

 ** Co on April 30 reported Q1 profit that beat analysts' estimates

     ** Seven of 21 brokerages rate the stock "buy" or higher, twelve "hold" and two "sell" or lower; their median PT is $83 - data compiled by LSEG

     ** Including session's moves, shares down 11% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))