Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Actuant Corporation

Share:
Related ATU
Actuant Corp Investors Cheer Insider Purchases
Earnings Scheduled For December 17, 2015

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Actuant Corporation (NYSE: ATU), but lowered its price target from $34.00 to $32.00.

Jefferies noted, “We checked in with ATU, updated our end-market analyses and completed channel checks of Enerpac, and we continue to believe there is good visibility on earnings growth for F13. Our forecast is below the Street and at the low end of guidance owing to some sales concerns we have over Enerpac.”

Actuant Corporation closed on Tuesday at $27.97.

Latest Ratings for ATU

DateFirmActionFromTo
Jan 2016Avondale PartnersInitiates Coverage onMarket Perform
Dec 2015BarclaysMaintainsEqual-weight
Nov 2015SunTrust Robinson HumphreyInitiates Coverage onBuy

View More Analyst Ratings for ATU
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (ATU)

View Comments and Join the Discussion!

Get Benzinga's Newsletters