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Baldwin Group price target lowered to $43 from $46 at Wells Fargo
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Wells Fargo lowered the firm’s price target on Baldwin Group (BWIN) to $43 from $46 and keeps an Equal Weight rating on the shares. The firm notes Baldwin Group reported Q3 operating EPS of 34c, below its 37c, in-line with consensus of 34c and the midpoint of the guided 32c-36c. Organic was 14%, worse than Wells’ 17% but within guided high end of 10%-15% with EBITDA of $72.8M, vs $71-$76M guide.
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