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Dynamic quotes 
OFFON

Analyst recommendations: Applied Industrials, Fastenal, Meggit, Planet Fitness, Krispy Kreme...

08/03/2021 | 06:36am EDT

Many companies got upgraded by analysts following better-than-expected results such as ON Semiconductor, Old Dominion, XPO Logistics and Watsco. Meggit has accepted Parker-Hannifin's purchase offer of ú6.3bn, which is almost 70% higher than Fridayĺs share price. This sent Meggitt's shares up 56.7%. However, there are still some hurdles to overcome, since the UK government could try to block the deal. As a result, Berenberg cut its recommendation to Hold from Buy.

  • Applied Industrials: Loop Capital Markets initiated coverage with a recommendation of buy. PT up 26%
  • Epam Systems: Jefferies raised the recommendation on Epam Systems Inc. to buy from hold. PT up 20% set to $670
  • Fastenal: Loop Capital Markets initiated coverage  with a recommendation of hold. PT down 5% to $52
  • Krispy Kreme : HSBC starts Krispy Kreme at Buy with $25 Price Target
  • Magenta Therapeutics: J.P. Morgan cut the recommendation to neutral from overweight. PT down 1.5% to $7
  • MSC Industrial: Loop Capital Markets initiated coverage with a recommendation of hold. PT up 5.5% to $92
  • Meggit: Berenberg cut the recommendation to hold from buy. PT up 2% to 750 pence
  • Old Dominion: Goldman Sachs downgrades to neutral from buy. PT up 5.3% to $281
  • On Semi: Morgan Stanley raised the recommendation to equal-weight from underweight. PT down 3.8% to $42
  • Planet Fitness: Stifel raised the recommendation to buy from hold. PT up 14% to $85
  • Playtech: Morgan Stanley raised the recommendation to equal-weight from underweight. PT up 13% to 420 pence
  • XPO Logistics: Goldman Sachs raised the recommendation to buy from neutral. PT up 23% to $103
  • Watsco: Loop Capital Markets initiated coverage with a recommendation of hold. PT up 6.7% set to $300
  • Wesco: Loop Capital Markets initiated coverage of Wesco International Inc. with a recommendation of buy. PT set to $125, implies a 19% increase from last price. Wesco average PT is $123.82.
  • WW Grainger: Loop Capital Markets initiated coverage with a recommendation of buy. PT up 19% to $525

ę MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
EPAM SYSTEMS, INC. -5.06% 597.63 Delayed Quote.66.77%
FASTENAL COMPANY -0.22% 53.98 Delayed Quote.10.79%
HSBC HOLDINGS PLC 2.80% 385.95 Delayed Quote.1.87%
KRISPY KREME, INC. -1.17% 14.34 Delayed Quote.0.00%
MAGENTA THERAPEUTICS, INC. 1.61% 7.59 Delayed Quote.-3.19%
MEGGITT PLC 0.54% 740 Delayed Quote.58.63%
MORGAN STANLEY 2.13% 105.1 Delayed Quote.53.36%
MSC INDUSTRIAL DIRECT CO., INC. 1.42% 81.65 Delayed Quote.-3.25%
OLD DOMINION FREIGHT LINE, INC. -1.47% 298.53 Delayed Quote.55.23%
ON SEMICONDUCTOR CORPORATION 0.39% 49.48 Delayed Quote.50.60%
PLANET FITNESS, INC. -1.22% 80.49 Delayed Quote.3.68%
PLAYTECH PLC 1.12% 453 Delayed Quote.12.88%
WATSCO, INC. -0.28% 276.79 Delayed Quote.22.18%
WESCO HOLDINGS INC. -0.43% 464 End-of-day quote.3.80%
WESCO INTERNATIONAL, INC. 1.91% 119.74 Delayed Quote.49.68%
XPO LOGISTICS EUROPE SA 0.00% 315 End-of-day quote.12.50%
XPO LOGISTICS, INC. -0.20% 85.31 Delayed Quote.-28.43%