Skip to main content

Market Overview

UPDATE: Ascendiant Capital Initiates CIRCOR International with Neutral Rating on Mixed Outlook, Improving Profitability

Share:

In a report published Tuesday, Ascendiant Capital analyst Christopher Bamman initiated coverage on CIRCOR International (NYSE: CIR) with a Neutral rating.

In the report, Bamman noted, “The macroeconomic outlook remains mixed as does its end markets. Repositioning initiatives have been undertaken to reduce costs, consolidate facilities and improve overall profitability. New CEO, Scott Buckholt, will be challenged to improve operating margins and/or engage in an accretive acquisition. Nonetheless, CIRCOR is positioned to capture opportunities within the positive longer term trends across the energy, power generation and aerospace markets. However, at current levels, we believe the shares are fully valued.”

CIRCOR International closed on Monday at $47.74.

Latest Ratings for CIR

DateFirmActionFromTo
Nov 2020KeyBancMaintainsOverweight
Aug 2020CitigroupMaintainsNeutral
Apr 2020CitigroupMaintainsNeutral

View More Analyst Ratings for CIR
View the Latest Analyst Ratings

 

Related Articles (CIR)

View Comments and Join the Discussion!

Posted-In: Ascendiant CapitalAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com