Jefferies Starts Gorman-Rupp (GRC) at Buy

June 22, 2011 7:18 AM EDT
Get Alerts GRC Hot Sheet
Price: $84.59 +2.14%

Rating Summary:
    2 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 11 | New: 27
Join SI Premium – FREE
Jefferies initiates coverage on Gorman-Rupp (NYSE: GRC) with a Buy rating and $38 price target.

The firm states, "We consider GRC a high quality industrial, and believe it is positioned to benefit from an upturn in water market capex in 2012."

For more ratings news on Gorman-Rupp click here and for the rating history of Gorman-Rupp click here.

Shares of Gorman-Rupp closed at $32.97 yesterday.


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

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Jefferies & Co