Brady price target lowered to $30-$32 from $36-$38 at Wells Fargo Wells Fargo reduced its price target on Brady after the company reported weaker than expected Q2 results and lowered its EPS guidance. The firm, however, remains upbeat on the company's strategy and keeps an Outperform rating on the shares.
Brady confirms FY15 continuing ops EPS view $1.50-$1.70, consensus $1.57 The company anticipates low single-digit organic sales growth in fiscal 2015, with organic sales growth in both the Identification Solutions and Workplace Safety platforms. FY15 revenue consensus is $1.24B. This guidance is based on current exchange rates and a full-year income tax rate in the mid-to-upper 20% range. The Company also anticipates approximately $15M of restructuring charges and capital expenditures of approximately $30M in fiscal 2015.