Oppenheimer raised the firm’s price target on Applied Industrial Technologies (AIT) to $260 from $235 and keeps an Outperform rating on the shares. AIT delivered moderate revenue upside in Q1 with a strong September and generated record free cash flow in the quarter, the analyst tells investors in a research note.
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Read More on AIT:
- Applied Industrial Technologies reports Q1 EPS $2.36, consensus $2.25
- Applied Industrial Technologies raises FY25 EPS view to $9.25-$10.00
- Is AIT a Buy, Before Earnings?
- Applied Industrial Technologies initiated with an Outperform at Mizuho
- Applied Industrial Technologies price target raised to $250 from $210 at Baird
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