Jefferies raised the firm’s price target on Donaldson (DCI) to $123 from $120 and keeps a Buy rating on the shares. The firm notes Donaldson announced this morning that the company will acquire Filtration Group’s Facet Filtration business for $830M or 20 times 2025 EBITDA. The purchase will add $108M in revenue, and cost synergies are expected to reduce the purchase price to 16.6 times EBITDA, the firm adds. This purchase will bolster industrial segment EBITDA with increased sales in the A&D and power generation end markets.
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