** Wells Fargo cuts toolmaker Stanley Black & Decker's SWK.N PT to $104 from $110

** New PT represents a 2.4% upside to the stock's last close

** Management is not expecting any change in demand other than normal levels of promotional activity in the holiday season - brokerage

** Wells Fargo says co's top-line forecast below both that of Lowe's LOW.N and Home Depot HD.N on uncertainty around underlying consumer demand

** 3 of 18 brokerages rate the stock "buy" or higher, 13 "hold" and 2 "sell" or lower; median PT is $110 - LSEG

** Including session's moves, stock up 9.5% YTD

(Reporting by Soumendra Mukherjee)

(( Soumendra.Mukherjee@thomsonreuters.com ))

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