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Fly News Breaks for June 12, 2015
ATU
Jun 12, 2015 | 08:16 EDT
As noted earlier, RBC Capital upgraded Actuant to Outperform from Sector Perform. The firm believes that investors ' sentiment towards the company is overly negative. Investors are overlooking the company's attractive mid-cycle earnings power and sum of the parts value, according to the firm. It says that the company's earnings can reach 50% above its fiscal 2016 estimate. Target $29.
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