Donaldson price target raised to $66 from $59 at Baird

Baird analyst Richard Eastman raised the firm’s price target on Donaldson to $66 from $59 and keeps an Outperform rating on the shares. The analyst said they reported solid out-of-the-gate results to begin FY2023, specifically gross/operating margins that may offer upside sources based on F1Q’s performance.