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Stock Market & Financial Investment News

News Breaks
January 30, 2014
07:21 EDTAITApplied Industrial reports Q2 EPS 61c, consensus 59c
Reports Q2 revenue $581.9M, consensus $593.72M.
News For AIT From The Last 14 Days
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June 19, 2015
10:00 EDTAITOn The Fly: Analyst Downgrade Summary
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07:52 EDTAITApplied Industrial downgraded to Underperform from Neutral at Longbow
Longbow transitioned coverage on Applied Industrial with an Underperform rating from a Neutral rating and $34 price target. The firm's checks indicate industrial is weakening near-term and ongoing macro indicates and supplier guidance are headwinds to earnings growth. Longbow expects FY16 guidance to be below consensus the the company reports Q4 results in mid-August, pressuring shares further.

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