UPDATE: Ladenburg Thalmann Upgrades Aegion Corporation from Neutral to Buy

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Ladenburg Thalman upgraded Aegion Corporaiton
AEGN
from Neutral to Buy and increased its price target from $17 to $23. Ladenburg Thalman wrote, “Though not perfect, 2Q12 results suggest the plan management laid out for restoring earnings growth following a difficult 2011 in which positive developments were masked by offsetting factors, is working. The most important company drivers – NAR, E&M and C&S, again all delivered solid quarterly results, though in partial keeping with the prior theme, the positive story may have been somewhat lost on the market due to weakness and fears over other areas – namely Europe and Asia-Pacific. Yet these businesses are not core drivers, and at minimum, their capacity to derail the investment story should diminish over the next year, in our view.” Aegion Corporation closed at $17.40 on Tuesday.
Posted In: Analyst ColorUpgradesAnalyst RatingsLadenburg Thalmann
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