Goldman Sachs Upgrades Worthington Industries (WOR) to Neutral

Goldman Sachs upgraded Worthington Industries (NYSE: WOR) from Sell to Neutral with a price target of $18 (up from $16).

The firm added the company's new Engineered Cabs business to their model, which is accretive to earnings. They also see higher higher income from JVs and raised estimates accordingly.

Goldman raised FY12 EPS from $1.27 to $1.34, FY13 from $1.45 to $1.65 and FY14 from $1.65 to $1.80.

For an analyst ratings summary and ratings history on Worthington Industries click here. For more ratings news on Worthington Industries click here.

Shares of Worthington Industries closed at $19.18 yesterday.

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