SWK

AI Research

300 jobs cut; Connecticut tape plant closure; stock near $71 on restructuring progress

Stanley Black & Decker will eliminate approximately 300 jobs and close a Connecticut tape-measure plant as part of its multiyear restructuring plan amid declining demand. Despite headwinds, the company delivered solid Q4 results, beating EPS estimates while focusing on debt reduction, with the stock up 1.33% to ~$71. Nine analysts maintain a Buy rating with an average target of $84.50 suggesting 19% upside; one analysis estimates intrinsic value at $179.01 based on DCF.