D.A. Davidson Still Sees Good Long-Term Prospects for Albany International Corp.

In a report published Wednesday, D.A. Davidson analyst JB Groh reiterated a Buy rating and $43.00 price target on

. In the report, D.A. Davidson noted, “Q3 adjusted EPS of $0.31 was below our estimate of $0.37 and the Street mean of $0.36. GAAP EPS of $0.7 included restructuring charges ($0.02 per share), unfavorable tax adjustments ($0.01), foreign currency revaluation gains ($0.08) and an insurance-recovery gain ($0.01). Revenues of $180 million were down 1.8% and below our estimate and the Street mean of $189 million. Adjusted EBITDA margin of 18.6% was up 120bp year-over-year,but 50bp below our model.” Albany International Corp. closed on Tuesday at $37.47.