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Wall Street analysts get it wrong on two of our portfolio industrial stocks

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Morgan Stanley Notizia

U.S. 10 Year Treasury,Dupont De Nemours Inc,Stanley Black & Decker Inc

New research from Wall Street analysts missed the mark on Stanley Black & Decker and DuPont.

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. That's nearly 2% lower than Friday's close. Analysts cited "slightly worse trends" in residential repair and remodeling — a key end market for the maker of power tools.

They did praise DuPont's forthcoming split into three publicly traded companies, saying the move "naturally presents additional upside cases." In particular, Morgan Stanley cited DuPont's water business as the easiest way to "envision a valuation uplift." Shares of the chemicals giant fell less than 1% on Monday. DD YTD mountain DuPont de Nemours year-to-date performance Big picture DuPont stock was on a tear after the company announced its spinoff plans in May.

 

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