UPDATE: Dahlman Rose Initiates Geospace Technologies at Buy on Secular Strength
Dahlman Rose initiated coverage on Geospace Technologies (NASDAQ: GEOS) with a Buy rating and a $85 price target.
Dahlman Rose commented, "We are initiating coverage of GEOS with a Buy rating and an $85 price target. Given GEOS' first-mover advantage, consistent success, and leading market share of wireless channels, we are applying a 17x P/E multiple on our 2013 calendar earnings estimate. We forecast EBITDA and EPS of $69 million and $3.16 in FY2012 and $107MM and $5.00 in FY2013."
Geospace Technologies closed at $74.72 on Monday.
Latest Ratings for GEOS
|Dec 2014||Global Hunter||Downgrades||Accumulate||Neutral|
|Nov 2014||Dougherty & Company||Downgrades||Buy||Neutral|
|Oct 2014||Cowen & Company||Downgrades||Outperform||Market Perform|
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