Stanley Black and Decker review at Wunderlich Securities

Wunderlich Securities on Thursday gave an update on Stanley Black and Decker Inc.

. Stanley Black and Decker is currently rated as a Buy with a price target of $108.00. Analyst Liam Burke wrote, “Business was strong in all regions on new product introductions and market share gains. The business reported 14% year-over-year growth in North America on stronger demand for tools driven by new product offerings and expanded distribution. Despite a challenging market backdrop, Europe and Emerging Markets both reported 7% year-over-year revenue growth.” The company's EPS increased 18.2% year over year, beating analyst estimates by $0.06. Operating margins for Stanley Black and Decker were helped by leverage caused by an increase in production volume. Negatively infrastructure revenues fell 10 percent from last year due to the decline in oil prices. Stanley Black and Decker closed Wednesday at $90.51, down 0.85 percent.