Toolmaker Stanley Black & Decker Inc (SWK.N) forecast 2011 earnings above analysts' expectations on strong performance across segments, sending its shares up more than 6 percent in morning trade. The company said it sees 2011 earnings of $4.75-$5.00, per share, excluding merger and acquisition-related charges, and a 5-6 percent rise in organic net sales. This prompted at least one brokerage, S&P Equity, to raise Stanley Black & Decker's stock to "buy" from "hold" and raised its price target to $82 from $65.
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