UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Altra Holdings

In a report published Monday, Jefferies & Company reiterated its Hold rating on Altra Holdings

, and slightly raised its price target from $19.00 to $20.00. Jefferies noted, “We sponsored investor meetings with AIMC's CEO. We sensed sales trends, while sluggish, have not worsened. A planned refi of debt will lower interest costs and we have raised our forecasts. Internal initiatives may provide upside. But we are concerned over several endmarkets.” Altra Holdings closed on Friday at $20.10.