KeyBanc raised the firm’s price target on Applied Industrial Technologies to $215 from $210 and keeps an Overweight rating on the shares following Q4 results. The shares outperformed following its Q4 EPS beat and newly introduced guide below consensus, the analyst tells investors in a research note. Although the firm views the new FY25 guidance as nominally disappointing, it believes there could be modest potential upside to the new outlook.
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