StockNews.com upgraded Franklin Electric to a strong-buy rating, with Northcoast Research and Robert W. Baird raising their price targets.
Franklin Electric (NASDAQ:FELE) was upgraded from a buy rating to a strong-buy rating by StockNews.com. DA Davidson raised their price target on shares from $87 to $90, giving the stock a neutral rating. Northcoast Research upgraded Franklin Electric from a neutral rating to a buy rating and set a $110 price target. Robert W. Baird increased their price target from $91 to $100, also giving the stock a neutral rating. The company has an updated FY24 earnings guidance of $4.22-4.40 EPS, compared to the consensus estimate of $4.33.
May 03, 2024
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