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

Related ATU
Actuant Misses Q2 Expectations, Issues Downbeat Outlook
Earnings Scheduled For March 18, 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

Mar 2015Stifel NicolausDowngradesBuyHold
Mar 2015BMO CapitalMaintainsMarket Perform
Jan 2015JefferiesMaintainsHold

View More Analyst Ratings for ATU
View the Latest Analyst Ratings

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


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