Wedbush downgrades Franklin Electric in valuation call

|About: Franklin Electric Co., Inc. (FELE)|By:, SA News Editor

Wedbush cuts Franklin Electric (FELE) to Neutral from Outperform.

The move is a valuation call as analyst David Rose says the shares have exceeded Wedbush's "recently raised price target."

"The fundamentals remain intact," Rose notes.

Price target is $43.