Market Overview

UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Lowers PT on Brady Corp.

Related BRC
Top 4 Stocks In The Security Software & Services Industry With The Highest Revenue
Smith & Wesson Scales a 52-Week High - Analyst Blog

In a report published Monday, BMO Capital Markets reiterated its Market Perform rating on Brady Corp. (NYSE: BRC), but lowered its price target from $35.00 to $33.00.

BMO Capital noted, “Management lowered FY2013 organic revenue growth guidance to ‘flat' from ‘low single digit,' though EPS guidance of $2.20-$2.40 was maintained. The Americas remains the relatively strong region, Asia Pacific is impacted by a slow down in Australia, and Europe continues to deteriorate. Our FY2013 EPS estimate is maintained at $2.30. We are lowering our FY2014 EPS estimate to $2.50 from $2.65. We are introducing a FY2015 EPS estimate of $2.72. We are lowering our price target to $33 from $35.”

Brady Corp. closed on Friday at $30.89.

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings


Most Popular

Related Articles (BRC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free