Market Overview

UPDATE: Deutsche Bank Initiates Coverage on Barnes Group on Favorable End-Market Developments, Solid Execution

Share:
Related B
Barnes Group Inc. Buys Thermoplay For EUR$50B
Earnings Scheduled For July 24, 2015
BCM Resources Corporation Finalizes Thompson Knolls Agreement & Announces Non-Brokered ... (GuruFocus)

In a report published Thursday, Deutsche Bank analyst Amit Mehrotra initiated coverage on Barnes Group (NYSE: B) with a Buy rating and $41.00 price target.

In the report, Deutsche Bank noted, “We see 25% upside in shares of Barnes on the back of a reacceleration of growth in commercial aero (40% of sales), and solid growth prospects from continued recovery in the company's industrial markets (60% of sales), where half the company's exposure is to the fast-improving global automotive markets. These favorable end-market developments and solid execution drive our forecast for 28% EPS growth this year (on top of 14% EPS growth in 2012) and 16% EPS growth in 2014.”

Barnes Group closed on Wednesday at $32.49.

Latest Ratings for B

DateFirmActionFromTo
Aug 2015OppenheimerUpgradesPerformOutperform
Jul 2015JefferiesMaintainsBuy
Apr 2015JefferiesMaintainsBuy

View More Analyst Ratings for B
View the Latest Analyst Ratings

Posted-In: Amit Mehrotra Deutsche BankAnalyst Color Initiation Analyst Ratings

 

Related Articles (B)

View Comments and Join the Discussion!

Get Benzinga's Newsletters