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

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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
Nov 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
May 2015JefferiesMaintainsHold
Dec 2014Avondale PartnersInitiates Coverage onMarket Perform

View More Analyst Ratings for DCI
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Downgrades Analyst Ratings

 

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