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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Worthington Industries

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Worthington Industries Acquires NetBraze; Terms Not Disclosed
Earnings Scheduled For December 16, 2015

In a report published Friday, Jefferies & Company reiterated its Hold rating on Worthington Industries (NYSE: WOR), and slightly raised its price target from $24.00 to $25.00.

Jefferies noted, “We've made modest upward revisions to EPS estimates following F2Q with an improved earnings forecast for Cylinders and JV's only partially offset by reduced Eng. Cabs income and higher interest/tax expense vs prior est. Our TP increases to $25 (+$1) and values the shares at 7.0x CY13 EBITDA. Our LT view remains positive, though we see risk-reward balanced at current valuations.”

Worthington Industries closed on Thursday at $26.81.

Latest Ratings for WOR

DateFirmActionFromTo
Jan 2016JefferiesMaintainsHold
Dec 2015MacquarieMaintainsNeutral
Mar 2015JefferiesMaintainsHold

View More Analyst Ratings for WOR
View the Latest Analyst Ratings

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

 

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