Barnes Group (B) Tops Q2 EPS by 12c

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Barnes Group (B) PT Raised to $67 at Oppenheimer Following 2Q Beat

July 31, 2017 9:36 AM EDT

Oppenheimer raised its price target on Barnes Group (NYSE: B) to $67.00 (from $58.00) while maintaining a Outperform rating. Adjusted 2Q17 EPS of $0.81 rose 29% y-o-y vs. the Street's $0.69 estimate Street. Revenues of $364M grew 19% y-o-y, vs. +10% estimates.

B raised guidance for 2017 adj. EPS range by $0.12... More