Market Overview

UPDATE: Topeka Capital Markets Upgrades Dynamic Materials to Buy on Valuation, Outlook

Related BOOM
The Funniest Stock Tickers On The Market
Dynamic Materials CEO Longe, Chair Munera Offer Letter to Shareholders

Topeka Capital Markets upgraded Dynamic Materials Corporation (NASDAQ: BOOM) from Hold to Buy and raised its price target to $20.00.

Topeka Capital Markets said, "We recently attended a BOOM analyst event where we spent a considerable amount of time with the management. While 2013 will likely be focused on operational execution, we gained further confidence in the team's strategic initiatives and insight into some of the longer-term objectives. We are lowering our 2012/2013 estimates to reflect broader economic uncertainty in the 4Q and 1H13, and acknowledge the Company is not immune to near-term earnings risks. However, we believe BOOM is positioned for a strong 2H13 and 2014 and we are increasing our price target to $20 to incorporate our newly initiated 2014 estimates."

Dynamic Materials closed at $15.32 on Friday.

Latest Ratings for BOOM

Apr 2015Stifel NicolausMaintainsBuy
Mar 2015Stifel NicolausMaintainsBuy
Feb 2015DA DavidsonDowngradesBuyNeutral

View More Analyst Ratings for BOOM
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings


Related Articles (BOOM)

Get Benzinga's Newsletters