Barloworld Limited (NASDAQ:BRRAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $10.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 14.94% from the company’s previous close.

According to Zacks, “Barlow LTD is an international industrial brand management company that achieves durability in business through long-term value creation. Barlow represents many of the world’s greatest brands in the marketplace. They provide the vital link between manufacturer and customer. They add value through sales, deliver after-market support and provide total solutions to their customers’ needs. Their brands include Caterpillar, Hyster, Perkins, Ditch Witch and many of the world’s leading automotive brands. “

Shares of Barloworld Limited (BRRAY) opened at 8.70 on Tuesday. The stock has a market cap of $1.84 billion and a price-to-earnings ratio of 13.24. Barloworld Limited has a 52 week low of $4.35 and a 52 week high of $10.34. The stock’s 50 day moving average is $9.12 and its 200 day moving average is $8.64.

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Barloworld Limited Company Profile

Barloworld Limited is a distributor of international brands providing integrated rental, fleet management, product support and logistics solutions. The Company’s segments are Equipment, Handling, Automotive, Logistics and Corporate. The Equipment segment provides customers with solutions that include Caterpillar earthmoving equipment, engines and other complementary brands.

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