Zacks Maintains Outperform, $8.50 PT on Clean Diesel Tech
Zacks reiterates its Outperform rating and $8.50 price target on Clean Diesel Tech (NASDAQ: CDTI) as the company expects a big fourth quarter.
Zacks says, "Clean Diesel Technologies announced that the fourth quarter is expected to be largest revenue quarter in 2011. In the third quarter it reported $15 million in revenue and our estimate for the last fiscal quarter is $18 million. At this level of revenue earnings should be slightly better than break-even."
Zacks closed at $2.77 per share on Tuesday.
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