Argus Upgrades Colfax Corporation (CFX) to Buy

November 14, 2016 8:48 AM EST
Get Alerts CFX Hot Sheet
Price: $37.47 -0.27%

Rating Summary:
    8 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
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Argus upgraded Colfax Corporation (NYSE: CFX) from Hold to Buy with a price target of $44.00.

The analyst notes the company is making progress on both revenue and margins.

"Over the long term, we see Colfax, a mid-cap company with a focus on power generation, energy and infrastructure, as an emerging leader in the Industrial sector," the analyst said.

For an analyst ratings summary and ratings history on Colfax Corporation click here. For more ratings news on Colfax Corporation click here.

Shares of Colfax Corporation closed at $36.36 yesterday.

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