UPDATE: Wunderlich Securities Initiates Coverage on Colfax Corporation with Hold Rating, $52 PT on Fair Valuation

In a report published Thursday, Wunderlich Securities analyst Liam D. Burke initiated coverage on

with a Hold rating and $52.00 price target. In the report, Wunderlich Securities noted, “We are initiating coverage of Colfax Corporation (CFX) with a Hold rating and $52 price target. Within its business segments, Colfax has long-term growth opportunities and the ability to continuously improve operating results. The company's growth initiatives are driven by owning attractive businesses that have growth opportunities within fragmented markets through share gains that are supplemented by acquisitions. Colfax Business Systems (CBS) drives incremental operating margin and free cash flow growth through continuous process improvements. The current valuation for CFX shares implies a fairly quick return to organic volume growth that may be reflecting too much optimism about the extent and timing of the rebound.” Colfax Corporation closed on Wednesday at $56.21.