Market Overview

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

Share:
Related WOR
Top 4 Small-Cap Stocks In The Steel & Iron Industry With The Highest ROA
Macquarie Downgrades Worthington Industries To Neutral

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
Mar 2015JefferiesMaintainsHold
Feb 2015MacquarieDowngradesOutperformNeutral
Feb 2015Credit SuisseDowngradesOutperformNeutral

View More Analyst Ratings for WOR
View the Latest Analyst Ratings

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

 

Related Articles (WOR)

Around the Web, We're Loving...