Jefferies increases its price target on Buy-rated Actuant ATU from $33 to $34 on favorable Q2 sales and margin trends in most operations.
Jefferies says, "F2Q12 EPS were above expectations. Execution remains excellent. We raised our estimates. Guidance was edged up. We expect ATU to continue to generate high-quality earnings growth for the next 2-3 years."
ATU closed at $29.43 a share yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in