Bruker Corporation (BRKR) Maintains A Hold Rating

Analyst Jon Wood at Jefferies & Company, Inc. has maintained a Hold rating for Bruker Corporation (NASDAQ: BRKR).

The company reported GAAP EPS of $0.26 for the fourth-quarter, ahead of the consensus estimate of $0.22. The upside to earnings was mainly due to stronger revenue growth, and profitability, which was partially offset by a higher tax rate.

Jefferies believes that the company’s organic revenue trajectory should outpace those of its peers in 2010. However, Jefferies recommends investors to be on the sideline until there is greater evidence of working capital improvements, margin expansion progress, or more compelling valuation.

Jefferies has set a price target of $14.50 for the Bruker Corporation stock.