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Enter Symbol:
Rating: FELE

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

Tuesday,  Dec 3, 2013  8:25 AM ET by Kristen Bailey

Wedbush downgraded Franklin Electric Co., Inc. (NASDAQ: FELE) to
Neutral. Wedbush rated Franklin Electric Co., Inc. (NASDAQ: FELE) to Outperform on 07/09/2013, when the price was $37.41.

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.

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