Raymond James Remains Bullish On Federal Signal, Cuts Price Target By ~7%
Raymond James analyst Felix Boeschen lowered the price target for Federal Signal Corp (NYSE: FSS ) to $42 (an upside of 13.8%) from $45 while maintaining the Strong Buy rating on the shares. The analyst mentions that 2Q earnings for the machinery group, supply chains, and increasingly demand destruction fears into FY23 continue to dominate investor conversations as backlogs remain well ahead of "normal" levels. Meanwhile, rolling macro indicators coupled with rising … Full story available on Benzinga.com
Raymond James Remains Bullish On Federal Signal, Cuts Price Target By ~7%
Raymond James analyst Felix Boeschen lowered the price target for Federal Signal Corp (NYSE: FSS ) to $42 (an upside of 13.8%) from $45 while maintaining the Strong Buy rating on the shares. The analyst mentions that 2Q earnings for the machinery group, supply chains, and increasingly demand destruction fears into FY23 continue to dominate investor conversations as backlogs remain well ahead of "normal" levels. Meanwhile, rolling macro indicators coupled with rising … Full story available on Benzinga.com