• RBC Capital analyst Deane Dray lowered Enerpac Tool Group Corp's (NYSE: EPAC) price target to (implying an upside of 5%) from and maintained a Sector Perform rating on the shares.

• Dray cites the company's Q4 earnings miss driven by supply chain issues, cost pressures, and COVID disruptions, along with its "abrupt" CEO departure announcement.

• He adds that the stock has lagged year-to-date and should remain in a "holding pattern" until the new CEO "sets a new course."

• Wells Fargo analyst Michael Mcginn lowered the price target to $20 (implying a downside of 4.6%) from $22 and maintained an Underweight rating on the shares.

• Price Action: EPAC shares are trading lower by 3.60% at $20.9 on the last check Thursday.

Latest Ratings for EPAC

View More Analyst Ratings for EPAC
View the Latest Analyst Ratings

See more from Benzinga

• Click here for options trades from Benzinga

• Analysts Have Mixed Reactions On Cintas Q1 Earnings

• Morgan Stanley Initiates Janus International With Equal Weight Rating - Read Why

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.