Seaport Research lowered the firm’s price target on Franklin Electric (FELE) to $105 from $120 and keeps a Buy rating on the shares. The firm lowered its price target on the stock due to lower-than-expected Q1 results and uncertainty surrounding the tariffs, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FELE:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue