Donaldson price target raised to $81 from $77 at Jefferies

Jefferies analyst Laurence Alexander raised the firm’s price target on Donaldson to $81 from $77 and keeps a Hold rating on the shares after the company’s Q3 EPS came in above the firm’s estimate and consensus and the 2024 EPS outlook was increased about 2% at the midpoint. Aftermarket is rebounding and will likely more than offset On-Road and Off-Road weakness, the analyst tells investors in a post-earnings note.