BUZZ-Stanley Black & Decker rises after Barclays upgrades rating

Reuters
05/13
BUZZ-Stanley Black & Decker rises after Barclays upgrades rating

** Power tools maker Stanley Black & Decker's shares SWK.N rise 1.1% to $73.30 premarket

** Barclays upgrades rating to "overweight" from "equalweight"

** Lifts PT to $90 from $69, representing a 24% upside to the stock's last close

** Brokerage lifts SWK's 2025 earnings estimates on news of U.S.–China tariffs being lowered

** Says SWK is screened as most vulnerable to U.S.-China tariffs within brokerage's multi-industrial coverage

** "Our revised estimates now embed 30% / 10% tariffs for US tariffs on China / China tariffs on the US, down from 145% / 125% prior" says brokerage

** Seven brokerages rate the stock "buy" or higher, 12 "hold" and two "sell" or lower; their median PT is $83 - LSEG-compiled data

** As of last close, stock had fallen 9.7% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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