Barloworld (OTCMKTS:BRRAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $16.00 price target on the stock. Zacks Investment Research‘s price target indicates a potential upside of 14.45% 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. “
Separately, ValuEngine raised Barloworld from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
ILLEGAL ACTIVITY WARNING: “Barloworld (BRRAY) Stock Rating Upgraded by Zacks Investment Research” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3294726/barloworld-brray-stock-rating-upgraded-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Barloworld Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barloworld and related companies with MarketBeat.com's FREE daily email newsletter.