KeyBanc raised the firm’s price target on Applied Industrial Technologies to $215 from $210 and keeps an Overweight rating on the shares following Q4 results. The shares outperformed following its Q4 EPS beat and newly introduced guide below consensus, the analyst tells investors in a research note. Although the firm views the new FY25 guidance as nominally disappointing, it believes there could be modest potential upside to the new outlook.
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Read More on AIT:
- Applied Industrial Technologies sees FY25 EPS $9.20-$9.25, consensus
- Applied Industrial Technologies reports Q4 EPS $2.64, consensus $2.51
- Applied Industrial Technologies Elects New Board Member, Announces Retirement
- AIT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Applied Industrial Technologies initiated with a Neutral at Northcoast
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