Mizuho upgrades Stanley Black & Decker as market bottoms, valuation

Investing.com12-19 22:00

Investing.com -- Mizuho upgraded Stanley Black&Decker Inc (NYSE:SWK) to "outperform" from "neutral" on improving execution, valuation and a bottoming tools market heading into 2025. The brokerage ...

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The company has reduced inventories and shown resilience in its professional business, while do it yourself consumer trends hint at stabilization, the note added.Tariff-related headwinds, previously estimated at $200 million pre-tax, are now largely addressed, requiring only minimal price adjustments for offset.Russian gas contract with Ukraine to end, Europe seeks alternatives. Archer Aviation shares rise on new manufacturing facility completion","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"SWK":"美国史丹利公司","MFG":"瑞穗金融"},"translate_title":"随着市场触底和估值，瑞穗上调斯坦利百得评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFG":1,"SWK":1},"content_text":"Investing.com -- Mizuho upgraded Stanley Black&Decker Inc (NYSE:SWK) to \"outperform\" from \"neutral\" on improving execution, valuation and a bottoming tools market heading into 2025.\nThe brokerage raised its price target to $110. Mizuho (NYSE:MFG) noted SWK trades at a 20% discount to building products peers and 40% below electrical equipment/manufacturing stocks.  \nStanley Black&Decker shares have lagged significantly, down 15% this year, compared to a 32% gain in electrical equipment/manufacturing stocks and an 11% rise in tools peers. Even big-box retailers, which account for 30% of the company's revenue, have risen 18%.\nMizuho sees potential for mean reversion as tools revenue, down 20% from 2021 peaks, returns to growth. \"Underlying rev are down 20% from peak and now back to trend with the bottom in, or very near across entire tools complex,\" the note said.\nStanley has beaten earnings expectations for two consecutive years following a major profit reset in early 2023. 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