Raymond James last night initiated coverage of Applied Industrial Technologies with an Outperform rating and $225 price target. The company’s newly issued fiscal 2025 guidance has sufficiently reset Street views and should allow for continued “beat/raises,” especially relative to peers over the next few quarters, the analyst tells investors in a research note. The firm says Applied has a number of company-specific opportunities to enhance margins in the coming years, while peers face recurring and structural margin headwinds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIT:
- Applied Industrial Technologies initiated with an Outperform at Raymond James
- Applied Industrial Technologies price target raised to $210 from $205 at Baird
- Applied Industrial Technologies CEO Schrimsher sells 3,703 common shares
- Applied Industrial Technologies price target raised to $230 from $215 at Loop Capital
- Applied Industrial Technologies price target raised to $215 from $210 at KeyBanc
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue