Gabelli Maintains Buy on Federal Mogul

Gabelli is out with its report today on Federal Mogul FDML, maintaining Buy. In a note to clients, Gabelli writes, "For 2012 we see opportunities for further margin expansion from the company's OE divisions. FDML remains attractively valued at 5.6x FY12 EBITDA and less than 8x EPS and we continue to recommend purchase." At the time of posting, shares of FDML were trading at $19.33, down 2.42% from Thursday's close.