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UPDATE: Bank of America Upgrades Donaldson Company to Buy on Healthy Growth Outlook

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Bank of America upgraded Donaldson Company (NYSE: DCI) from Neutral to Buy and raised the price objective from $38.00 to $41.00.

Bank of America noted, "We upgrade DCI from Neutral to Buy, as we expect the company's growth to accelerate in the second half of FY13 (ending July) into the next year. We also view the stock as an attractive long-term investment given its premium returns & execution, and a healthy growth story of market share gain (in after-market and liquid filtration) & portfolio shift to higher-margin after-market business."

Donaldson Company closed at $34.68 on Wednesday.

Latest Ratings for DCI

DateFirmActionFromTo
Jun 2016CL KingInitiates Coverage onBuy
Mar 2016Avondale PartnersMaintainsMarket Perform
Nov 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral

View More Analyst Ratings for DCI
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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