Citigroup Initiates Coverage On Federal Signal with Buy Rating, Announces Price Target of $150
Citigroup analyst Kyle Menges initiates coverage on Federal Signal (NYSE:FSS) with a Buy rating and announces Price Target of $150.
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Federal Signal Provides An Update On Its Manufacturing Facility In Streator, Illinois; Initial Assessments Indicate That The Facility Sustained No Structural Damage And All Employees Are Safe, With No Reported Injuries.
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Federal Signal shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 guidance.
Federal Signal Raises FY2026 Adj EPS Guidance from $4.80-$5.05 to $5.12-$5.30 vs $4.97 Est; Raises FY2026 Sales Guidance from $2.570B-$2.660B to $2.580B-$2.670B vs $2.633B Est
Federal Signal Q2 Adj. EPS $1.42 Beats $1.29 Estimate, Sales $670.200M Beat $667.091M Estimate