Janney Montgomery Scott Starts Actuant (ATU) at Buy
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Janney Montgomery Scott initiates coverage on Actuant Corp. (NYSE: ATU) with a Buy rating and $40 fair value target.
The firm highlighted: Diverse Product Base with Leading Market Shares, End Market Diversification, Strong Management Team, Strong Cash Flows. The firm introduced 2008, 2009 and 2010 estimates of $2.06, $2.35 and $2.60, respectively.
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