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UPDATE: Jefferies & Company Downgrades Donaldson Company to Hold, Lowers PT

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Donaldson Q1 Earnings Beat Expectations

In a report published Wednesday, Jefferies & Company downgraded its rating on Donaldson Company (NYSE: DCI) from Buy to Hold, and lowered its price target from $43.00 to $33.00.

Jefferies noted, “In isolation, Donaldson's Q1 miss could be viewed as simple lumpiness (our prior $1.85 estimate was within the company's new $1.68-$1.88 range, vs. $1.89 consensus). Given a broader range of companies warning on demand trends into early 2013, however, Donaldson's relative valuation could be at risk. We are lowering 2013E and 2014E EPS by $0.05 each, our target $10 to $33 (10.5x calendar 2014E EBITDA) and our rating to HOLD.”

Donaldson Company closed on Tuesday at $32.67.

Latest Ratings for DCI

DateFirmActionFromTo
May 2015JefferiesMaintainsHold
Dec 2014Avondale PartnersInitiates Coverage onMarket Perform
Oct 2014JefferiesMaintainsHold

View More Analyst Ratings for DCI
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Downgrades Analyst Ratings

 

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