Stifel raised the firm’s price target on MSA Safety (MSA) to $187 from $182 and keeps a Hold rating on the shares following Q2 results “above expectations.” The firm cited healthy backlog conversion and contribution from the M&C TechGroup acquisition, which was not fully captured in consensus, for the better-than-anticipated results. Stifel looks to get more bullish on the shares when there is clearer line of sight to the SCBA replacement cycle ramp and improving short cycle trends, the firm told investors in a research note.
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