Enerpac Tool initiated with a Market Perform at William Blair

William Blair analyst Ross Sparenblek initiated coverage of Enerpac Tool (EPAC) with a Market Perform rating and no price target Enerpac is a leading manufacturer of hydraulic tooling and heavy-lifting technology, the analyst tells investors in a research note. The firm believes the company is in the “early innings of proving out its growth profile,” as it seeks a transition to a more “GARP investor base.”