Hilliard Lyons cuts Franklin Electric to Neutral


Hilliard Lyons is out with a valuation call on Franklin Electric (FELE -1.6%), downgrading the shares to Neutral from Long-Term Buy.

"With shares trading at 19.3 times and 10.2 times our respective 2015 EPS and EBITDA expectations (about two years forward), we can justify only minimal near-term upside," analyst Spencer Joyce says.

Although the long-term story remains positive, Joyce would "prefer to exercise patience and add shares during periods of weakness."

2014 EPS estimate cut to $1.96 from $2.

Notably, Wedbush made a similar call earlier this month.

Comments (1)
  • mjtroll1
    , contributor
    Comments (2749) | Send Message
     
    nice call on FELE.. I just covered near 200dma 38.10 in my long/short fund.. thank you
    3 Feb 2014, 02:41 PM Reply Like
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