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 Donaldson Company (NYSE: DCI), 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.
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