Jefferies Cuts Price Target on Diversified Industrial Stocks

Article Stock Quotes (16) Comments (0)

Analysts at Jefferies are taking down estimates and price targets for a host of Diversified Industrial names Thursday saying they expect industrial activity to moderate further and push the mid-cycle to late 2012. However, the firm said valuations are compelling.

Top picks are IDEX Corporation (NYSE: IEX), Actuant Corporation (NYSE: ATU), Pentair, Inc. (NYSE: PNR) and AO Smith Corp. (NYSE: AOS).

Price Target Cuts:
Altra Holdings, Inc. (Nasdaq: AIMC) (Buy) from $28 to $24
AO Smith Corp. (NYSE: AOS) (Buy) from $53 to $47
Barnes Group Inc. (NYSE: B) (Hold) from $25 to $22
Flowserve Corp. (NYSE: FLS) (Buy) from $150 to $137
Gorman-Rupp Co. (NYSE: GRC) (Buy) from $39 to $34
Harsco Corporation (NYSE: HSC) (Hold) from $33 to $22
IDEX Corporation (NYSE: IEX) (Buy) form $55 to $49
Kaman Corporation (Nasdaq: KAMN) (Hold) from $36 to $30
MSC Industrial Direct Co. Inc. (NYSE: MSM) (Hold) from $77 to $64
Northwest Pipe Co. (Nasdaq: NWPX) (HOLD) from $26 to $22
Regal Beloit Corporation (NYSE: RBC) (Buy) from $78 to $71
Thermon Group Holdings, Inc. Co (NYSE: THR) (Buy) from $18 to $17
Tennant Company (NYSE: TNC) (Hold) from $42 to $37
TriMas Corporation (NYSE: TRS) (Hold) from $24 to $17

---

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

• Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
• UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
• Goldman Sachs Upgrades Mizuho Financial Group Inc. (MFG) to Buy

Create E-mail Alert Related Categories

Analyst Comments

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?