Barloworld (OTCMKTS:BRRAY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $17.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 9.75% from the company’s current price.
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. “
Separately, ValuEngine upgraded Barloworld from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
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Barloworld 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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