Donaldson price target raised to $69 from $67 at Baird

Baird raised the firm’s price target on Donaldson to $69 from $67 and keeps an Outperform rating on the shares. The firm said its 2024 outlook proved bolder than our expectations, with filtration demand broadly exhibiting late-cycle strength, expected to continue through this year as the company is not seeing early indicators of weakness.