UPDATE: Jefferies Reiterates On Donaldson Company As Gas Turbine Volatility Masks Share Gains

In a report published Thursday, Jefferies analyst Laurence Alexander reiterated a Hold rating on

, and raised the price target from $37.00 to $42.00. In the report, Jefferies noted, “While volatility in the gas turbine market is masking share gains and the resilience in the core franchise, we expect organic growth to improve in 2015-18, with a potential better entry point in 2H14.” Donaldson Company closed on Wednesday at $39.55.