Goldman Sachs Starts Colfax Corporation (CFX) at Buy

Goldman Sachs initiates coverage on Colfax Corporation (NYSE: CFX) with a Buy rating and a price target of $84 citing earnings growth and strong risk/reward.

Analyst Joe Ritchie likes the stock given (1) best-in-class “compounder” business model; (2) solid margin expansion via Colfax Business System (CBS); and (3) bolt-on M&A to help drive upside to consensus EPS.

For an analyst ratings summary and ratings history on Colfax Corporation click here. For more ratings news on Colfax Corporation click here.

Shares of Colfax Corporation closed at $73.74 yesterday.

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