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Enter Symbol:
 
Franklin Electric Co., Inc. (FELE) [hlAlert]

Rating:
Neutral FELE
up 12.21 %

Franklin Electric Co., Inc. (FELE) downgraded to Neutral by Wedbush

Posted on: Tuesday,  Dec 3, 2013  8:25 AM ET by Wedbush

Wedbush rated Neutral Franklin Electric Co., Inc. (NASDAQ: FELE) on 12/03/2013. Previously Wedbush rated Outperform Franklin Electric Co., Inc. (NASDAQ: FELE)
on 07/09/2013., when the stock price was $37.41. Since then, Franklin Electric Co., Inc. has gained 12.22% as of 12/03/2013's recent price of $41.98.
If you would have followed the previous Wedbush 's recommendation on FELE, you would have gained 12.21% of your investment in 147 days.

Franklin Electric Co., Inc. together with its subsidiaries (Franklin Electric) is engaged in designing, manufacturing and distributing groundwater and fuel pumping systems, composed primarily of submersible pumps and motors, electronic controls and related parts and equipment. The Company operates in two business segments: the Water Systems segment and the Fueling Systems segment. The principal raw materials used in the manufacture of the Company?s products are coil and bar steel, stainless steel, copper wire, and aluminum ingot. The Company?s products are sold in North America, Europe, the Middle East, South Africa, Australia, Mexico, Brazil, Japan, China, and other global markets. During the fiscal year ended January 3, 2009, (fiscal 2008), the Company completed the acquisition of Industrias Schneider SA and Western Pumps LLC.

Wedbush is Headquartered in Los Angeles, California with over 90 offices and more than 125 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. We deliver superior investment ideas and products through exceptional customer care, financial security, continuity and advanced technology.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/3/2013 8:25 AM Hold
None
41.98
as of 12/13/2013
1 Week   
1 Month up  3.88 %
3 Months up  9.55 %
1 YTD up  12.21 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/9/2013 8:25 AM Buy
None
37.41

(*) Stock Price at the time of the recommendation.
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