UPDATE: Imperial Capital Reiterates In-Line Rating, Raises PT on Stanley Black & Decker Following 4Q14 Results

In a report published Monday, Imperial Capital analyst Jeff Kessler reiterated an In-Line rating on

, and raised the price target from $95.00 to $99.00. In the report, Imperial Capital noted, “We are maintaining our In-Line rating and raising our one-year price target to $99 from $95 on SWK shares, about 6% above the recent share price. Stanley's ability to grow revenue and margins at a revamped and newly combined CDIY & IAR division, realizing strong growth in the fasteners segment of the Industrial division, along with stabilization in the overall Security business (with higher margins and growth in the U.S.) lead us to raise our price target to $99 from $95. Over the last 18 months, we have maintained in our research reports and in our discussions with investors that a turnaround in the Security business was very likely by 2H15 and could result in the divesture of certain European assets.” Stanley Black & Decker closed on Friday at $93.65.