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UPDATE: Canaccord Genuity Lowers PT on Ameresco After Heavy Exposure to Federal Customers

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Conaccord Genuity analyst John Quealy published a report on Ameresco (NYSE: AMRC) that lowered it's price target from $12 to $10.50 and maintained a Buy rating due to heavy exposure to Federal customers.

In the report, Canaccord said, "Market disruption looks to persist in the mid-term (sequester impact), while longer-term trends stay firmly positive (growing backlog, record pipeline). 2013 revenue/net income guidance is set conservatively at $620-670M/$18-22M, factoring continued backlog conversion delays (with improvement starting later in '13)."

Ameresco closed Monday at $7.55

Latest Ratings for AMRC

Jan 2015Northland SecuritiesInitiates Coverage onOutperform
May 2014Canaccord GenuityMaintainsBuy
Mar 2013Canaccord GenuityMaintainsBuy

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