Schaeffler (OTCMKTS:SCFLF) Upgraded to Buy by Zacks Investment Research

Schaeffler (OTCMKTS:SCFLF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, January 10th. The brokerage presently has a $20.00 target price on the stock. Zacks Investment Research‘s target price indicates a potential downside of 1.23% from the company’s current price.

According to Zacks, “Schaeffler AG engages as a supplier to the automotive and industrial sectors. It provides rolling bearing and plain bearing solutions and linear and direct drive technology. The company’s operating segment consists of Automotive and Industrial segments. Automotive segment provides product and service business with customers in the automotive sector. Industrial segment offers product and service business with manufacturers of investment goods. Schaeffler AG is headquartered in Herzogenaurach, Germany. “

Schaeffler (OTCMKTS SCFLF) traded up $2.29 during trading hours on Wednesday, reaching $20.25. The company had a trading volume of 500 shares, compared to its average volume of 350. Schaeffler has a 52-week low of $15.85 and a 52-week high of $20.25.

TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/05/schaeffler-scflf-upgraded-to-buy-by-zacks-investment-research.html.

Schaeffler Company Profile

Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.

Get a free copy of the Zacks research report on Schaeffler (SCFLF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Schaeffler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schaeffler and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply