Jefferies Maintains a 'Hold' on MSC Industrial (MSM); Strong 4Q, and a Beat; Raise Estimates; Stock Fairly Valued

Jefferies maintains a 'Hold' on MSC Industrial (NYSE: MSM) price target raised from $64 to $68.

Jefferies analyst says, "F4Q EPS were +33% and above expectations. Core sales were +14% and well above our estimate. F1Q12 guidance exceeds our forecast but is in line w/the Street. We increased our estimates but are still cautious on our distributor stocks which have limited sales visibility since we believe the industrial economy is moderating...We're raising our F12 EPS forecast by $0.14 (+4%) to $3.82 (+11% YOY). We are establishing our F13 EPS forecast of $4.30 (+13% YOY)."

For more ratings news on MSC Industrial click here and for the rating history of MSC Industrial click here.

Shares of MSC Industrial closed at $68.67 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Clear Street Reiterates Buy Rating on Anterix Inc. (ATEX)
• Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'