Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Tennant Company on Valuation

Share:
Related TNC
Top 4 Small-Cap Stocks In The Pollution & Treatment Controls Industry With The Highest Operating Margin
Top 4 NYSE Stocks In The Pollution & Treatment Controls Industry With The Highest Profit Margin
My Top Machinery Stocks For 2015 (Seeking Alpha)

In a report published Wednesday, Jefferies reiterated its Hold rating on Tennant Company (NYSE: TNC), and raised its price target from $42.00 to $50.00.

Jefferies noted, “Further to our Initial Take note, conference call comments supported the guide of nominal sales growth in 2013. Margin development and share repos look better. So while we are lowering estimates, these latter factors are mitigating. We consider TNC fairly valued. Our new PT discounts 14E rather than 13E.”

Tennant Company closed on Tuesday at $49.82.

Latest Ratings for TNC

DateFirmActionFromTo
Feb 2015JefferiesMaintainsHold
Jul 2014JefferiesMaintainsHold
Jun 2014Dougherty & CompanyUpgradesNeutralBuy

View More Analyst Ratings for TNC
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (TNC)

Around the Web, We're Loving...