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

Rating:
Hold FELE
up 37.96 %

Franklin Electric Co., Inc. (FELE) downgraded to Hold by KeyBanc Capital Mkts

Posted on: Thursday,  Sep 24, 2009  10:25 AM ET by KeyBanc Capital Mkts

KeyBanc Capital Mkts rated Hold Franklin Electric Co., Inc. (NASDAQ: FELE) on 09/24/2009. Previously KeyBanc Capital Mkts rated Buy Franklin Electric Co., Inc. (NASDAQ:
FELE) on 02/26/2009., when the stock price was $10.79. Since then, Franklin Electric Co., Inc. has gained 37.97% as of 09/24/2009's recent price of $14.88.
If you would have followed the previous KeyBanc Capital Mkts's recommendation on FELE, you would have gained 37.96% of your investment in 210 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.

KeyBanc Capital Mkts is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/24/2009 10:25 AM Hold
None
14.88
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  5.86 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2009 8:25 AM Buy
None
10.79 15.00
12/8/2008 8:25 AM Buy
None
14.75 20.00

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