Baird raises PT on Applied Industrial Technologies

Applied Industrial Technologies

30/08/2024 15:29

** Baird raises Applied Industrial Technologies'  AIT.N  
target price to $210 from $205; maintains "outperform" rating
    ** "We have significant confidence in management's ability
to continue navigating the present cautious demand backdrop" -
brokerage
    ** Co posts Q4 adj. EPS of $2.64, beating analysts' average
estimate of $2.51 - LSEG data
    ** Four of five brokerages rate the stock "buy" or higher,
one "hold"; their median PT is $222.50
    ** YTD, AIT up 18% as of last close 

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))