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Enter Symbol:
Rating: FELE
Sell

Franklin Electric Co., Inc. (NASDAQ: FELE) downgraded to Sell by Ladenburg Thalmann

Tuesday,  Dec 22, 2015  10:25 AM ET by Lynn Gilbert

Ladenburg Thalmann downgraded Franklin Electric Co., Inc. (NASDAQ: FELE) to Sell. Previously,
Ladenburg Thalmann rated Franklin Electric Co., Inc. (NASDAQ: FELE) to Buy with price target $66 on 11/06/2012, when the stock price was valued at $29.79.

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.

Our Research Department takes a fresh, critical approach to analyzing primary sources and developing proprietary research. Many individuals, institutions, portfolio managers and hedge fund managers, on all levels, have been neglected by brokerage firms ignoring the demands for unbiased research. Ladenburg Thalmann provides a superior branded in-depth research product geared only to action-oriented investment ideas. Ladenburg Thalmann’s proprietary equity research tries to uncover crucial information before the rest of the Street. Our analysts concentrate on uncovered and under-covered stocks and have a small to mid-cap focus. We will not shy away from large cap names as long as we can bring value to our clients through timely, differentiated ideas.



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