UBS Reaffirms Buy Rating on Stanley Black & Decker (SWK)

Group 1 - Stanley Black & Decker (NYSE:SWK) is recognized as one of the top 15 Industrial Machinery and Supplies stocks to buy according to hedge funds [1] - Analyst Damian Karas from UBS reiterated a Buy rating on Stanley Black & Decker, lowering the price target from $105 to $98, indicating a potential upside of 24% [1] - Analyst Timothy Wojs at Baird maintained a Hold rating but raised the price target from $75 to $85 after the company announced the sale of its CAM business for $1.8 billion, which exceeded previous projections [2] Group 2 - The sale of the CAM business leads to an approximate 18x forward EBITDA multiple for that segment, and management plans to use the proceeds to reduce leverage [2] - Stanley Black & Decker provides a range of storage and fastening equipment, including hand and power tools, outdoor equipment, and accessories under brands like DEWALT, HUSTLER, and CRAFTSMAN [3]