Baird analyst Michael Halloran raised the firm’s price target on Franklin Electric to $93 from $87 and keeps a Neutral rating on the shares. The analyst said they missed 4Q expectations as weak Headwater margins more than offset above-expected Water and Fueling results.
Published first on TheFly
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Read More on FELE:
- Franklin Electric Reports Record Fourth Quarter 2022 and Full Year 2022 Results
- Franklin Electric sees 2023 EPS $4.10-$4.30, consensus $4.08
- Franklin Electric reports Q4 EPS 84c, consensus 93c
- Franklin Electric Schedules Its Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference Call
- Franklin Electric board increases quarterly dividend 15% to 22.5c per share
