BARLOWORLD Ltd/ADR (OTCMKTS:BRRAY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $9.25 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 16.32% from the company’s previous close.
According to Zacks, “Barlow LTD is an international industrial brand management company that achieves durability in business through long-term value creation. Barlow represents many of the world’s greatest brands in the marketplace. They provide the vital link between manufacturer and customer. They add value through sales, deliver after-market support and provide total solutions to their customers’ needs. Their brands include Caterpillar, Hyster, Perkins, Ditch Witch and many of the world’s leading automotive brands. “
Separately, ValuEngine lowered shares of BARLOWORLD Ltd/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th.
About BARLOWORLD Ltd/ADR
Barloworld Limited distributes products that provide integrated rental, fleet management, product support, and logistics solutions in South Africa, rest of Africa, the Middle East, and Russia. The company operates through Equipment, Automotive, and Logistics divisions. It offers short-term vehicle rental services; long-term vehicle lease and fleet management services to operators of passenger and commercial vehicles; and bulk used vehicle disposal solutions and other digital services.
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