Global Hunter Securities Upgrades Mine Safety Appliances (MSA) to Accumulate

Global Hunter Securities upgraded Mine Safety Appliances (NYSE: MSA) from Neutral to Accumulate with a price target of $52.00. Analyst Walt Liptak sees a recent pullback as a buying opportunity.

"Our investment thesis is that MSA's headwinds from currency and O&G are now factored into the stock, and the energy exposure should bottom over the next 3-6 months. In local currency, MSA sales are expected to accelerate to a mid-singledigit growth rate driven by the new G1 SCBA product. We are increasing our 2015 EPS estimates to $2.41 from $2.38," said Liptak.

For an analyst ratings summary and ratings history on Mine Safety Appliances click here. For more ratings news on Mine Safety Appliances click here.

Shares of Mine Safety Appliances closed at $47.53 yesterday.

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