Market Overview

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

Share:
Related WOR
Keep an Eye on These 7 Stocks for September 28, 2016
Earnings Scheduled For September 28, 2016
In The IBD 50: Worthington Breaks Out, Match Holds Tight, Ellie Mae Sets Up (Investor's Business Daily)

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
Jun 2016JefferiesMaintainsHold
Mar 2016JP MorganMaintainsNeutral
Jan 2016JefferiesMaintainsHold

View More Analyst Ratings for WOR
View the Latest Analyst Ratings

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

 

Related Articles (WOR)

View Comments and Join the Discussion!