LB Foster Displays Ongoing Positive Catalysts and 3 Stock Analyses Attracting Attention
AECOM Technology Corporation (NYSE:ACM): Current price $27.41
After the company reported higher than expected first quarter earnings per share, DA Davidson increased their price target on AECOM Technology Corporation. The firm believes the potential for demand growth for the company’s products has improved and they maintain a Buy rating on the stock.
Delphi Automotive PLC. (NYSE:DLPH): Current price $39.01
Baird would use any weakness in Delphi Automotive PLC as buying opportunity following their first quarter results. The firm believes the company is setting up for accelerated growth in the second half of 2013, citing an impressive level of new contract wins, a streamlined cost structure, and margin improvements. Shares are Outperform rated with a $48 price target.
LB Foster Co. (NASDAQ:FSTR): Current price $43.32
DA Davidson expects L.B. Foster to report fourth quarter earnings per share of 74c versus the consensus estimate of 70c. The firm thinks the company has several ongoing positive catalysts including their exposure to shale projects and railroad expansion. The firm maintains a $56 price target and Buy rating on the shares.
Eaton Corporation (NYSE:ETN): Current price $59.16
After the company reported higher than expected adjusted fourth quarter earnings per share, Wells Fargo increased their valuation range on Eaton Corporation. The firm expects the company’s earnings power to increase throughout 2013, driven partly by improving demand trends. The firm maintains an Outperform rating on the stock.
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