Applied Industrial (AIT) Reports Mixed Q2 Earnings, KeyBanc Maintains Overweight Rating

Applied Industrial Technologies, Inc. (NYSE:AIT) ranks among the mid-cap stocks to buy according to top investors. KeyBanc reduced its price target for Applied Industrial Technologies, Inc. (NYSE:AIT) to $300 from $310 on January 28, keeping an Overweight rating on the industrial equipment distributor. The drop came after what KeyBanc indicated as “mixed” fiscal second-quarter earnings and a lower EBITDA margin forecast from the company. Pixabay/Public Domain The company posted Q2 revenues of $1.16 bill ...