Jefferies Maintains a 'Buy/Top Pick' on Worthington Industries (WOR); Raising Estimates After Strong Q4

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Jefferies maintains a 'Buy' on Worthington Industries (NYSE: WOR) price target of $26.00 (from $24.00).

Analyst, Luke Folta, said, "Following WOR's beat in F4Q12, we've increased our estimates and target price again. We continue to see our estimates as conservative (despite the current falling steel price and slowing economic environment), leaving room on the upside for potential outperformance throughout 2013. WOR remains our top idea within our steel coverage universe."

FY13 EPS estimate raised from $1.85 to $2.05, revs from $2.41B to $2.602B.

For an analyst ratings summary and ratings history on Worthington Industries click here. For more ratings news on Worthington Industries click here.

Shares of Worthington Industries closed at $19.19 yesterday, with a 52 week range of $12.84-$23.75.

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