Franklin Electric (FELE) Tops Q4 EPS by 3c

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Franklin Electric (FELE) PT Raised to $52 at Baird Following 4Q

February 20, 2019 8:18 AM EST

Baird analyst Michael Halloran raised the price target on Franklin Electric (NASDAQ: FELE) to $52.00 (from $45.00) while maintaining a Neutral rating following the company's 4Q earnings report. 4Q18 adjusted EPS was $0.52 (vs. $0.49 consensus). Sales increased 10% yoy overall to $317 million, above $310 million consensus on +9% organic,... More