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

Related B
Earnings Scheduled For April 28, 2017
Earnings Scheduled For February 17, 2017

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

Jan 2017SunTrust Robinson HumphreyInitiates Coverage OnHold
Dec 2016Deutsche BankMaintainsBuy
Aug 2016JefferiesMaintainsBuy

View More Analyst Ratings for B
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Posted-In: Amit Mehrotra Deutsche BankAnalyst Color Initiation Analyst Ratings


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