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Fly News Breaks for June 21, 2018
ATU
Jun 21, 2018 | 09:19 EDT
RBC Capital analyst Seth Weber raised his price target on Actuant to $28 after the company's Q3 earnings that showed "strong industrial tool incrementals and upside Energy operating margins". Weber says the results reflect the benefits of healthy/stabilizing end markets as well as the ongoing operating and restructuring initiatives. The analyst notes that while he is "encouraged" by the quarter, he would like to see further evidence of earnings sustainability to become more constructive, keeping his Sector Perform rating on Actuant.
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