William Blair initiated coverage of Federal Signal with an Outperform rating. The company has established itself as a “high-quality industrial compounder” with an ability to not only drive strong organic growth, but also accretively add to its market-leading platform of specialty commercial vehicle businesses, the analyst tells investors in a research note. The firm believes investors do not fully appreciate the earning power implied by Federal Signal’s high-single-digit organic growth algorithm and margin expansion potential.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSS:
- Federal Signal management to meet with KeyBanc
- Federal Signal Reports First Quarter Results Including Double-Digit Sales and Earnings Growth, Record Orders and Backlog; Raises Full-Year Outlook
- Federal Signal raises 2024 adjusted EPS view to $2.95-$3.15 from $2.85-$3.05
- Federal Signal reports Q1 adjusted EPS 64c, consensus 56c
- FSS Earnings this Week: How Will it Perform?
Questions or Comments about the article? Write to editor@tipranks.com