- RBC Capital analyst Deane Dray downgraded Enerpac Tool Group Corp EPAC to Underperform from Sector Perform.
- The analyst expects shares to lag, given ongoing oil & gas headwinds and the new CEO's sweeping business review, likely to keep the shares in limbo.
- Dray added that initial FY22 guidance also seems "unappealingly" back-end weighted.
- Recently, RBC Capital had lowered the price target to $20 (a downside of 4.4%) from $21 while maintaining Sector Perform rating on the shares.
- Price Action: EPAC shares are trading lower by 1.39% at $20.63 during the premarket session on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
