Wunderlich Securities Sees Multiple Positive Factors For Stanley Black & Decker

In a report published Thursday, Wunderlich Securities analyst Liam D. Burke reiterated a Buy rating and $108.00 price target on Stanley Black & Decker (NYSE: SWK).

In the report, Wunderlich Securities noted, “We spent some time at the Specialty Tools and Fasteners Distributors Association (STAFDA), to get a closer look at both the supply and demand side of Stanley's hand tool equation. Stanley continues to invest in its world class manufacturing infrastructure with the emphasis of shifting capacity to the U.S. (Made in America) to operate a more efficient supply chain and to meet tightening tolerances that ensure higher quality required by Stanley's customers. A derived benefit has been the increasing appeal to customers of purchasing a product that is manufactured domestically.”

Stanley Black & Decker closed on Wednesday at $96.21.