Enerpac Tool initiated with a Buy at Roth Capital

Roth Capital initiated coverage of Enerpac Tool (EPAC) with a Buy rating and $48 price target The firm believes the company’s ongoing transformation will drive significant value for investors. Enerpac is improving its operating efficiencies, which provides catalysts to outpace market growth, the analyst tells investors in a research note. Roth thinks the company is positioned to benefit from infrastructure project spending.