Mizuho has adjusted its price target for Stanley Black & Decker (SWK, Financial), lowering it from $110 to $80 while maintaining an Outperform rating on the company's shares. This revision comes as the firm revises its projections for the electrical equipment and multi-industry sectors, anticipating a slowdown in near-term demand and the impact of tariffs on financial outcomes.
Despite first-quarter performances generally aligning with expectations, recent developments have shifted investor attention away from immediate results. Mizuho highlights the concern that escalating tariffs, especially those affecting trade with China, are likely to introduce significant challenges. Although companies are already implementing price increases to counteract these issues, Mizuho predicts ongoing challenges and some unavoidable setbacks.
