Market Overview

UPDATE: Cantor Fitzgerald Reiterates Buy Rating, Raises PT on CECO Environmental Corp.

Related CECE
Tetra Tech To Gain From Rising Federal Government Contracts
Pall Corporation Tops Q4 Earnings on Operational Strength

In a report published Monday, Cantor Fitzgerald reiterated its Buy rating on CECO Environmental Corp. (NASDAQ: CECE), and raised its price target from $10.00 to $11.50.

Cantor Fitzgerald noted, “CECO Environmental Corp. reported a solid quarter on November 7 with record earnings above our estimate in spite of revenues down slightly. The highlight was the strong bookings, which led to a three-year high in backlog. The company is seeing a general improvement in the market for air pollution control equipment. We estimate that the company is getting 10% of its revenues from gas-fired power plants, and we expect this segment to grow strongly over the next year.”

CECO Environmental Corp. closed on Friday at $9.38.

Latest Ratings for CECE

Dec 2014JefferiesMaintainsHold
Aug 2014JefferiesMaintainsHold
Jul 2014Canaccord GenuityInitiates Coverage onBuy

View More Analyst Ratings for CECE
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Analyst Ratings


Related Articles (CECE)

Around the Web, We're Loving...

Get Benzinga's Newsletters