KeyBanc Reiterates a 'Buy' on Robbins & Myers (RBN); Continued Confidence After Management Meeting
Tweet
Share
E-mailGet Alerts RBN Hot Sheet
Price: $59.99 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 40
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 40
Join SI Premium – FREE
KeyBanc reiterates a 'Buy' on Robbins & Myers (NYSE: RBN), PT $52.
KeyBanc analyst says, "We had the opportunity to spend time with RBN's CEO, Peter Wallace and CFO, Chris Hix meeting with investors...We walked away from our meetings with continued confidence in the near-term demand momentum in its Fluid Management Segment and the additional opportunities to extract value from the T-3 Energy Services acquisition, which appears to be tracking ahead of expectations from both a synergy and top-line growth perspective. In our view, these key catalysts will support upward earnings revision over the next several quarters. These drivers, coupled with the divestiture of its non-core Romaco business and a recent pull-back in RBN shares (down approximately 5% following its earnings report on March 31 vs. the S&P 500 Industrials down roughly 2.3% and the Russell Midcap Index down approximately 2.1%) create a compelling entry point for investors."
For more ratings news on Robbins & Myers click here and for the rating history of Robbins & Myers click here.
Shares of Robbins & Myers closed at $40.58 yesterday.
KeyBanc analyst says, "We had the opportunity to spend time with RBN's CEO, Peter Wallace and CFO, Chris Hix meeting with investors...We walked away from our meetings with continued confidence in the near-term demand momentum in its Fluid Management Segment and the additional opportunities to extract value from the T-3 Energy Services acquisition, which appears to be tracking ahead of expectations from both a synergy and top-line growth perspective. In our view, these key catalysts will support upward earnings revision over the next several quarters. These drivers, coupled with the divestiture of its non-core Romaco business and a recent pull-back in RBN shares (down approximately 5% following its earnings report on March 31 vs. the S&P 500 Industrials down roughly 2.3% and the Russell Midcap Index down approximately 2.1%) create a compelling entry point for investors."
For more ratings news on Robbins & Myers click here and for the rating history of Robbins & Myers click here.
Shares of Robbins & Myers closed at $40.58 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft invests $1.5 bln in Abu Dhabi AI firm G42, takes board seat
- Microsoft invests $1.5 bln in Abu Dhabi AI firm G42, takes board seat
- Korea Zinc announces non-renewal of sulfuric acid consignment contract with Young Poong
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
KeyBanc, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
