Baird Lowers Donaldson (DCI) Price Target, Stays Bullish on Industrial Tech

Baird analyst Michael Hall lowered the price target on Donaldson (DCI) to $65 from $70 and maintained a neutral rating on the stock. The analyst sees "limited upside" for the stock in the near term, citing "some headwinds" in the industrial segment. However, Hall remains "constructive" on the industrial technology sector overall, noting "strong secular trends" and "attractive valuations" in many areas. He highlights companies with "strong balance sheets" and "resilient end markets" as well-positioned to navigate the current environment.