Colfax price target lowered to $44 from $58 at Deutsche Bank Deutsche Bank lowered its price target for Colfax shares to $44 citing the company's "disappointing" 2015 guidance. Deutsche believes the outlook, coupled with two consecutive quarters of earnings misses, casts doubt on the company's "still high valuation premium." It keeps a Hold rating on Colfax.
Colfax sees operating margins mid-teens or better over 3-5 years Colfax said in investor day presentation slides that it sees core operating margins mid-teens or better over 3-5 years, along with organic growth 1%-2% above GDP and free cash flow in excess of GAAP net income. The company that is has seen "strong improvement" since the Charter acquisition, though year-to-date results are "disappointing."