Mixed views on Dover, Barclays and Deutsche Bank increase price targets for Eaton, Stanley Black & Decker, Honeywell.

From CNBC: 2024-10-02 15:53:02

Deutsche Bank is cautious on Dover’s stock before earnings, but Jim Cramer disagrees. Rate cuts are typically good for industrials, but research paints mixed views on Dover. Deutsche Bank listed Dover as a short-term sell idea, while Barclays raised its price target. Barclays and Deutsche Bank are more optimistic about Eaton and Stanley Black & Decker. Jim remains long on Dover and Honeywell, urging a reshuffle in Honeywell’s portfolio for growth.

Barclays and Deutsche Bank increased price targets on Eaton, Stanley Black & Decker, and Honeywell this week. Eaton and Stanley Black & Decker are benefiting from data center buildup. Lower borrowing costs may boost toolmaker’s sales. Honeywell might see upside from CEO’s reshuffling efforts. Jim Cramer is looking for firm action from management.

Dover, Eaton, Stanley Black & Decker, and Honeywell all received price target increases. Dover may struggle to meet upbeat outlook. Barclays maintains a hold-equivalent rating on Dover and Stanley Black & Decker. Investment in industrials remains optimistic despite cautious sentiments. Honeywell’s CEO might need to make bold moves for growth. Jim Cramer waits for concrete evidence.



Read more at CNBC:: No need to sell AI play Dover — and updates on 3 more industrial stocks