Stifel, a prominent financial services firm, has adjusted its outlook on Donaldson Company, Inc. (DCI, Financial), reducing the price target to $63 from a previous $70. The revision comes as analyst Nathan Jones maintains a Hold rating on the stock.
The adjustment reflects potential challenges posed by U.S. trade policies, which are expected to generate a mild industrial downturn spanning from the latter half of this year through mid-2026. This anticipated economic environment could prompt reduced investments in capital and operational expenses by both Donaldson and its clients.
As a result, potential cutbacks in production levels by Donaldson or its clientele are being factored into the analysis, aligning with the firm's cautious approach under current market conditions.
