BofA analyst Sabrina Abrams raised the firm’s price target on Applied Industrial Technologies (AIT) to $290 from $275 and keeps a Buy rating on the shares after the company reported fiscal Q4 earnings that came in above the firm’s estimate and consensus and gave FY26 EPS guidance that bracketed consensus. Looking past “a relatively uneventful quarter and noisy margin guide,” the firm sees several reasons to stay constructive, the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIT:
- Applied Industrial Technologies Faces Financial Risks from Unsecured Trade Credit Reliance
- Applied Industrial Technologies management to meet with Oppenheimer
- Applied Industrial Technologies price target raised to $300 from $265 at Baird
- Applied Industrial Technologies price target raised to $300 from $290 at Oppenheimer
- Applied Industrial downgraded to Market Perform at Raymond James