Dolby Labs (NYSE: DLB), Fortinet, Inc. (NASDAQ: FTNT), Illinois Tool Works Inc. (NYSE: ITW), Gentex Co. (NASDAQ: GNTX), Hawaiian Holdings, Inc. (NYSE: HA) and AXA (NASDAQ: AXAHY) ratings and price targets.
Dolby Labs (DLB) had its “Neutral” rating reiterated by Collins Stewart. They have a price target of $35.00 on the company.
Fortinet, Inc. (FTNT) had its price target raised by Needham & Company from $26.00 to $30.00. They have a “Buy” rating on the company.
Illinois Tool Works Inc. (ITW) had its price target raised by FBR Capital from $52.00 to $58.00. They have an “Outperform” rating on the company.
Gentex Co. (GNTX) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.
Hawaiian Holdings, Inc. (HA) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.
AXA (AXAHY) was upgraded by BNP Paribas from a “Neutral” rating to an “Outperform” rating.
Showing posts with label Illinois Tool. Show all posts
Showing posts with label Illinois Tool. Show all posts
Thursday, February 2, 2012
Thursday, November 4, 2010
Emerson Electric (NYSE:EMR) Should Finish 2010 Strong, but Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU) Have More Upside
FBR Capital said they like the portfolio mix of Emerson Electric (NYSE:EMR), and maintained their "Market Perform on them, although they said they believe competitors like 3M (NYSE:3M), Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU) have strong growth potential.
"With regard to the shares, we like Emerson’s portfolio mix at this stage in the cycle, and we expect continuing positive trends in the company’s mid- to late-cycle businesses. Even as near-term incremental margins could be muted in the 25%–30% range as the company boosts investments, we see positives in the higher long-term growth trajectory. That said, at 15.6x our above-consensus estimates, EMR shares are trading at a 12% P/E premium to large-cap peers, and we see greater upside to our price targets in Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU). We are increasing our FY12 EPS estimate from $3.75 to $4.00, reflecting better growth"outlook," said FBR.
Emerson closed Wednesday at $54.58, losing $0.14, or 0.26 percent. FBR raised their price target on Emerson from $58 to $60.
"With regard to the shares, we like Emerson’s portfolio mix at this stage in the cycle, and we expect continuing positive trends in the company’s mid- to late-cycle businesses. Even as near-term incremental margins could be muted in the 25%–30% range as the company boosts investments, we see positives in the higher long-term growth trajectory. That said, at 15.6x our above-consensus estimates, EMR shares are trading at a 12% P/E premium to large-cap peers, and we see greater upside to our price targets in Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU). We are increasing our FY12 EPS estimate from $3.75 to $4.00, reflecting better growth"outlook," said FBR.
Emerson closed Wednesday at $54.58, losing $0.14, or 0.26 percent. FBR raised their price target on Emerson from $58 to $60.
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