Hudson Securities Rates Northern Technologies Buy With $17 TP (NTIC)

Hudson Securities rates Northern Technologies NTIC as a Buy with a $17 PT today. In the report, Hudson Securities states, "The opportunities within the oil and gas market are clearly the most tangible at the moment with order flow seeming to be imminent with Pemex and continued success with Petrobras. New geographies such as Russia suggest even more untapped market penetration. Any future announcements of agreements on the oil and gas front would be a boost to the stock." Elsewhere, Hudson Securities notes, "We are slightly raising our 2011 EPS estimate to $0.88 from $0.86 and maintaining our 2012 EPS estimate of $1.15. We are maintaining our target price of $17 based on 15x our 2012 EPS estimate of $1.15." NTIC shares are currently trading at $14.90, -1.5% from yesterday's close.