Market Overview

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

Share:
Related ATU
Earnings Scheduled For June 17, 2015
What's Coming For Actuant?
Actuant (ATU) Slips to Sell on Varied Market Headwinds (Zacks)

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
Jun 2015BMO CapitalMaintainsMarket Perform
Jun 2015RBC CapitalUpgradesSector PerformOutperform
Mar 2015Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for ATU
View the Latest Analyst Ratings

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

 

Related Articles (ATU)

Get Benzinga's Newsletters