Baird raised the firm’s price target on Applied Industrial Technologies (AIT) to $300 from $265 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results which showed both favorable secular and cyclical factors aligning.
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Read More on AIT:
- Applied Industrial Technologies price target raised to $300 from $290 at Oppenheimer
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- Applied Industrial Technologies reports Q4 EPS $2.80, consensus $2.62
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