Jefferies Boosts Price Target on Donaldson (DCI) to $86 Despite Mixed Q2

Jefferies lifted its price target on Buy-rated Donaldson Company (NYSE: DCI) from $76 to $86 following mixed Q2 results which showed Q2 EPS of $0.70, $0.01 below consensus and $0.03 below the firm's estimate. FY12 EPS was narrowed to $3.25-$3.45 from $3.25-$3.50 including a $0.05 F/X headwind.

The firm is maintaining FY12E EPS of $3.35 and reiterate our Buy rating "as Donaldson remains well positioned to benefit from pent-up truck demand and improving end market trends."

For an analyst ratings summary and ratings history on Donaldson Company click here. For more ratings news on Donaldson Company click here.

Shares of Donaldson Company closed at $74.51 yesterday.

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