Wunderlich Securities Sees WD-40 Company As Fairly Valued

In a report published Monday, Wunderlich Securities analyst Liam D. Burke reiterated a Hold rating and $70.00 price target on

. In the report, Wunderlich Securities noted, “We are maintaining our Hold rating and $70 price target on WD-40 Company (WDFC). As a well-recognized consumer brand with significant market share in developed economies, there are many opportunities for growing its distribution in the maintenance repair and overhaul (MRO) and industrial markets through brand extensions in developed economies and product penetration in the emerging market industrial/MRO sector. The company has consistently returned cash to shareholders and steadily reduced capital invested in the business through share repurchases and dividend payments. Although WD-40 has strong fundamentals and solid growth prospects, WDFC shares currently appear fairly valued.” WD-40 Company closed on Friday at $66.97.