Jefferies Downgrades NEFF Corp. (NEFF) to Hold

November 29, 2016 6:37 AM EST
Get Alerts NEFF Hot Sheet
Price: $14.05 --0%

Rating Summary:
    1 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies downgraded NEFF Corp. (NYSE: NEFF) from Buy to Hold with a price target of $14.00 (from $12.00) on leverage concerns post run-up.

Analyst Justin Jordan commented, "Southern-based NEFF has a strong regional franchise. We see larger national peers better placed to win infrastructure work and benefit from Trump stimulus. While raising our price target from $12 to $14 (based on 5.4x CY17 EV/EBITDA), reflecting leverage concerns we downgrade from Buy to Hold post a 49% gain since 8 November."

For an analyst ratings summary and ratings history on NEFF Corp. click here. For more ratings news on NEFF Corp. click here.

Shares of NEFF Corp. closed at $13.55 yesterday.

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