10 Stocks Analysts Are Upgrading Today

2. Stanley Black & Decker, Inc. (NYSE:SWK)

Stock Upgrade: Equal Weight to Overweight

Stock Price Target: $90

Stock Upside Potential as of May 13: 23.28%

Stanley Black & Decker, Inc. (NYSE:SWK) provides hand tools, power tools, outdoor products, and related accessories for professional and consumer applications. It offers professional-grade corded and cordless electric power tools and equipment, including drills, impact wrenches, and drivers. Barclay’s analyst Julian Mitchell upgraded the stock to an ‘Overweight’ from ‘Equal Weight’ and hiked the price target to $90 from $69.

The upgrade includes revising the company’s earnings per share estimate to affirm a more optimistic outlook. Barclays expects Stanley Black and Decker to post an EPS of $5.76 in 2025, higher than the consensus estimate of $5.64 for fiscal 2025. The firm hiked the EPs estimate on expectations that the company will benefit from the improving US-China trade relations following the easing of trade tariffs.

According to Barclays, improving trade relations between the US and China should trigger organic sales growth of 4% and an adjusted operating margin expansion of over 100 basis points. Stanley Black and Decker had initially warned that it would have to raise prices of its tools as a mitigation against Trump’s tariffs. The company also expected the tariff war to affect its EPS by about 75 cents. However, with the Trump administration reaching a 90-day truce, Stanley Black & Decker, Inc.’s (NYSE:SWK) outlook has been boosted.