ParkOhio Announces Improved Third Quarter Results
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FBR Capital Remains Sidelined on Park-Ohio Holdings (PKOH) Following 3Q
November 9, 2016 7:12 AM ESTFBR Capital reiterated a Market Perform rating and $33.00 price target on Park-Ohio Holdings (NASDAQ: PKOH) following the company's 3Q earnings report. For the second consecutive quarter, Park-Ohio put up revenues that were lower than expectations. Sales were reported at $313 million, or 14% year over year. Adjusted EPS were $1.13.
Analyst Christopher Horn commented, "We remain neutral on PKOH shares following the 3Q16 report.... More
