Nortek (NTK) Reports Q2 Loss Per Share of 14c, Offers Guidance

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Go back to Nortek (NTK) Reports Q2 Loss Per Share of 14c, Offers Guidance

Imperial Capital Cuts Price Target on Nortek (NTK) to $95 Following 2Q Results

August 5, 2015 8:03 AM EDT

Imperial Capital reiterated an Outperform rating on Nortek (NASDAQ: NTK), and cut the price target to $95.00 (from $98.00), following 2Q15 results. NTK reported revenue of $704mn vs $715mn consensus. Adjusted EBITDA of $83mn was down from $89mn the year prior.

Analyst Jeff Kessler commented, "On... More