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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 72%

Morgan Stanley Noticias

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.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Breitbart Business Digest: Wall Street Sides with Harris, Main Street Sides with TrumpSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fuente: BreitbartNews - 🏆 610. / 51 Leer más »