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

Rating:
Neutral FELE

Franklin Electric Co., Inc. (FELE) rated Neutral with price target $30 by Next Generation

Posted on: Tuesday,  Jul 28, 2009  9:25 AM ET by Next Generation

Franklin Electric Co., Inc. (NASDAQ:
FELE) rated Neutral with price target $30 by Next Generation.

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.

Next Generation Equity Research, LLC is an equity research boutique focused on the needs of the institutional investor. Our mission is to provide unbiased, idea-driven research on small to mid cap-sized companies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/28/2009 9:25 AM Hold
None
13.58 15.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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