Oppenheimer raised the firm’s price target on Applied Industrial Technologies (AIT) to $260 from $235 and keeps an Outperform rating on the shares. AIT delivered moderate revenue upside in Q1 with a strong September and generated record free cash flow in the quarter, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIT:
- Applied Industrial Technologies reports Q1 EPS $2.36, consensus $2.25
- Applied Industrial Technologies raises FY25 EPS view to $9.25-$10.00
- Is AIT a Buy, Before Earnings?
- Applied Industrial Technologies initiated with an Outperform at Mizuho
- Applied Industrial Technologies price target raised to $250 from $210 at Baird