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AIT

Applied Industrial Technologies

$63.87

-1.27 (-1.95%)

06:48
12/02/19
12/02
06:48
12/02/19
06:48

Applied Industrial Technologies Sidoti

Meeting to be held in St. Louis, MO on December 2 hosted by Sidoti.

  • 02

    Dec

AIT Applied Industrial Technologies
$63.87

-1.27 (-1.95%)

03/08/19
LBOW
03/08/19
UPGRADE
Target $70
LBOW
Buy
Applied Industrial Technologies upgraded to Buy following selloff at Longbow
As previously reported, Longbow analyst Chris Dankert upgraded Applied Industrial Technologies to Buy from Neutral, noting that the stock is trading at its lowest relative valuation compared to the Russell 2000 in twenty years following its selloff. Applied recently reset expectations to an "achievable level" and his channel checks and key supplier commentary call for continued demand growth, making the discounted valuation unjustified, contends Dankert, who set a $70 price target on the stock.
08/15/19
WELS
08/15/19
NO CHANGE
Target $55
WELS
Market Perform
Applied Industrial price target lowered to $55 from $60 at Wells Fargo
Wells Fargo analyst Allison Poliniak-Cusic lowered her price target for Applied Industrial Technologies to $55 from $60 following weaker than expected 2020 outlook. The analyst reiterates a Market Perform rating on the shares.
08/15/19
KEYB
08/15/19
NO CHANGE
Target $65
KEYB
Overweight
Applied Industrial Technologies price target lowered to $65 from $70 at KeyBanc
KeyBanc analyst Steve Barger lowered his price target for Applied Industrial Technologies to $65 from $70, while reiterating an Overweight rating on the shares. Following Q4 results, the analyst is encouraged by continued cost discipline as well as solid free cash flow generation. Looking forward, Barger believes Applied Industrial Technologies will navigate through fundamental uncertainty by way of expanded offerings, share gains, continued cost control, and additional capital deployment. While 2020 guidance was below expectations, he sees it as appropriately conservative given recent macro trends, and thinks the company will focus on strategic goals and free cash flow improvement.
11/19/19
KEYB
11/19/19
NO CHANGE
Target $70
KEYB
Overweight
Applied Industrial Technologies price target raised to $70 from $65 at KeyBanc
KeyBanc analyst Steve Barger raised his price target for Applied Industrial Technologies to $70 from $65. In a research note to investors, Barger says that while he maintains a conservative view on forward cycle dynamics, he believes continued execution in the company's long-term growth strategy should lead toimproved EPS and multiple expansion in the intermediate and longer term. He keeps an Overweight rating on the shares.

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