Jefferies & Company Reiterates Hold Rating, $24 PT on Worthington Industries
In a report published Monday, Jefferies & Company reiterated its Hold rating and $24.00 price target on Worthington Industries (NYSE: WOR).
Jefferies noted, “Information presented at WOR's investor day last week reinforces our favorable view on the company's strategic direction and long term prospects. Our top pick for much of 2012, we downgraded the shares to HOLD last month following its dramatic outperformance against peers, but would be comfortable directing new money into the shares again below $20.”
Worthington Industries closed on Friday at $21.29.
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