New research from Wall Street analysts missed the mark on two of our industrial-focused stocks.
The news on Stanley Black & Decker Baird increased Stanley Black & Decker's price target to $104 per share from $94.
Baird reiterated its hold-equivalent rating on shares, arguing Stanley Black & Decker's "turnaround progress remains a key focus."
SWK YTD mountain Stanley Black & Decker YTD Big picture Stocks tied to housing like Stanley Black & Decker have been under pressure lately because the 10-year Treasury yield keeps rising despite the Federal Reserve's jumbo 50-basis-point interest rate cut last month and signals of further easing into year-end and beyond.
Stanley Black & Decker "will be ignited when those [rate cuts] start occurring in earnest," he said.
Persons:
Stanley Black, Decker Baird, That's, Baird, Decker, Stocks, Stanley, Jim Cramer, DuPont Morgan Stanley, Morgan Stanley, Jim, Jim Cramer's, Michael M
Organizations:
Wall Street, Federal, DuPont, de Nemours, Barclays, CNBC, Traders, New York Stock Exchange, Santiago, Getty
Locations:
New York City