Jefferies Adjusts Numbers on Donaldson (DCI) After Stock Split

Article Stock Quotes (1) Comments (0)

Jefferies adjusted estimate and its price target on Donaldson Company (NYSE: DCI) following the 2-for-1 stock split.

The firm comments, "We are adjusting our estimates to reflect Donaldson's 2:1 split. Our new estimates are $1.70 for 2012E, up 18%, $1.85 for 2013E, up 8%, and $2.05 for 2014E, up 11%. We reiterate our Buy rating. Our new 12-month price target is $43, 22x calendar 2013E EPS."

For an analyst ratings summary and ratings history on Donaldson Company click here. For more ratings news on Donaldson Company click here.

Shares of Donaldson Company closed at $70.24 yesterday, with a 52 week range of $46.37-$77.78.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Citi Raises PT on Micron Technology (MU) to $19
• Albert Fried & Co Raises PT on Live Nation (LYV), Highlights Catalysts
• Wedbush Starts Intuitive Surgical (ISRG) at Outperform

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?