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Franklin Electric price target lowered to $105 from $107 at Baird
The Fly

Franklin Electric price target lowered to $105 from $107 at Baird

Baird lowered the firm’s price target on Franklin Electric (FELE) to $105 from $107 and keeps a Neutral rating on the shares. The firm said 3Q results were below expectations, hurt by unfavorable weather and challenging comps/trends in dewatering/fueling partially offset by healthy surface pumps and water treatment.

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