Janney Montgomery Scott Upgrades Colfax (CFX) to Buy; Attractive Portfolio of Brands
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Janney Montgomery Scott upgrades Colfax Corporation (NYSE: CFX) from Neutral to Buy. Price target $11.
Janney analyst says, "When we look across the industrial landscape for potential investment opportunities, we are constantly scanning for those businesses that ideally have enduring franchises, substantial long-term growth opportunities, and the ability to continuously improve operating results. Even though it is still early in its life as a public company, Colfax meets these criteria, as its collection of businesses represent quality to the customer and the Colfax Business System helps the company achieve the necessary discipline to constantly improve key metrics like quality, delivery, and cost. While we are expecting things to get worse before they get better, the recent decline in the company's stock price has allowed it to reach a point where the risk/reward trade off is attractive, and we are upgrading our investment opinion to BUY from Neutral...Our fiscal 2009 and 2010 estimates are $0.87 and $0.65, respectively."
To see more analyst ratings on CFX Click Here.
Colfax Corporation (Colfax) is a global supplier of a range of fluid handling products, including pumps, fluid handling systems and controls and specialty valves.
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