Hudson Securities Upgrades Gardner Denver To Buy, Increases PT To $102 (GDI)

Hudson Securities upgraded its Gardner Denver

rating to Buy and increased Gardner Denver's price target from $81 to $102. In the report, Hudson Securities states, "When we downgraded shares of Gardner Denver last October, we did so because the stock was finally trading at a valuation in-line with the other diversified peers that we cover and the relative valuation rationale for recommending shares had gone away. What we did not anticipate was that the drilling environment would remain as strong as it has, or that Gardner Denver would see as dramatic an improvement in its Industrial Products margins." Shares of Gardner Denver were trading at $82.34 at the time of posting, up 3.96% from Wednesday's market close.