HALISTER1: Colfax Rises as Baird Sees Earnings Growth Momentum Building

Colfax Rises as Baird Sees Earnings Growth Momentum Building

(Bloomberg) -- Colfax rises as much as 5%, the most intraday since Jan. 13, after Baird analyst Michael Halloran upgraded stock to outperform from neutral, PT $50 from $47.
  • Says healthy margin expansion prospects, strengthening internal execution and capital deployment prospects support a multi-year earnings growth trajectory into 2018 and beyond; also notes CFX ’s "reasonable relative valuation"
  • Says 2Q results were consistent with consensus estimates as above-expected revenues were offset by lower-than-expected margins
  • NOTE: July 28, Colfax 2Q Adjusted EPS Matches Estimates
To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Will Daley

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CFX US (Colfax Corp)

People
Michael Halloran (Robert W Baird & Co Inc)

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