Jefferies Upgrades Donaldson Company to "Buy" and Raises Price Target

Core Viewpoint - Jefferies upgraded Donaldson Company, Inc. to a "Buy" rating and increased the price target to $123, indicating positive sentiment towards the company's future performance [1][5]. Company Developments - Donaldson announced an agreement to acquire Facet Filtration for $820 million in cash, which is valued at 20 times the projected EBITDA for 2025, or 16.6 times when adjusted for tax benefits and cost savings, aiming to strengthen its position in the filtration industry [2]. - The current stock price of DCI is $101.13, reflecting a slight decrease of 0.79% from the previous day, with a trading range between $99.28 and $102.58 today [3]. - Donaldson's market capitalization is approximately $11.71 billion, indicating a significant presence in the market, with a trading volume of 559,393 shares today, suggesting active investor interest [4][5].