** Mizuho raises price target on power tools maker Stanley Black & Decker SWK.N to $110 from $90; maintains "outperform" rating

** New PT represents a 29% upside to stock's last close

** Mizuho says SWK has been cutting costs by streamlining its supply chain, reducing number of offered products and lowering SG&A expenses; expected to deliver ~$2 billion in annual cost savings

** While prolonged execution issues during the pandemic hangover in 2022 weighed on sentiment and pressured earnings, we believe SWK has turned the corner operationally - brokerage

** As of last close, SWK gained 14.8% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))