Jefferies Lifts Numbers On Actuant (ATU) Following Checks
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Price: $21.87 --0%
Rating Summary:
1 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
Rating Summary:
1 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
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Jefferies boosted estimates and its price target on Buy-rated Actuant (NYSE: ATU) from $31 to $33 following checks.
The firm comments, "We conducted a check-in with management and examined ATU's end-market trends and we believe favorable sales trends will continue. We have also performed a margin analysis and see nice upside from current levels. We remain guarded over Europe."
The firm raised Q2 EPS estimates from $0.36 to $0.37, FY12 from $1.97 to $2.02 and FY13 from $2.14 to $2.22.
For an analyst ratings summary and ratings history on Actuant click here. For more ratings news on Actuant click here.
Shares of Actuant closed at $28.15 yesterday.
The firm comments, "We conducted a check-in with management and examined ATU's end-market trends and we believe favorable sales trends will continue. We have also performed a margin analysis and see nice upside from current levels. We remain guarded over Europe."
The firm raised Q2 EPS estimates from $0.36 to $0.37, FY12 from $1.97 to $2.02 and FY13 from $2.14 to $2.22.
For an analyst ratings summary and ratings history on Actuant click here. For more ratings news on Actuant click here.
Shares of Actuant closed at $28.15 yesterday.
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