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UPDATE: Jefferies Reiterates on Nortek on Updated Estimates to Reflect Lower Share Count and Interest

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In a report published Tuesday, Jefferies analyst Philip Ng reiterated a Hold rating on Nortek (NASDAQ: NTK), and raised the price target $74.00 to $76.00.

In the report, Jefferies noted, “We are adjusting our estimates to reflect a lower future share count following clarification on potential dilution from NTK's warrants, and also see lower interest expense in 2015 from a likely refinance of its 10% bond once it becomes callable in December 2014.”

Nortek closed on Monday at $71.92.

Latest Ratings for NTK

DateFirmActionFromTo
May 2016JefferiesMaintainsHold
Jul 2015JefferiesMaintainsHold
Mar 2015Imperial CapitalUpgradesIn-LineOutperform

View More Analyst Ratings for NTK
View the Latest Analyst Ratings

 

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Posted-In: Jefferies Philip NgAnalyst Color Price Target Analyst Ratings

Latest Ratings

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GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
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View the Latest Analytics Ratings
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