Federal Signal price target raised to $112 from $100 at DA Davidson

DA Davidson analyst Michael Shlisky raised the firm’s price target on Federal Signal (FSS) to $112 from $100 and keeps a Neutral rating on the shares after its Q2 earnings beat. The company delivered mostly strong results, including order activity, while its target margin ranges were also expanded, the analyst tells investors in a research note. The stock remains the firm’s Best-of-Breed Bison name with a solid track record of execution, DA Davidson added.