Gabelli Has Buy on Albany International

Gabelli & Co. is out with a research report on Albany International Corp

and it has a Buy rating on shares. In a note to clients, Gabelli & Co. writes, "The Paper Machine Clothing (

) segment has been restructured through the recession and is expected to provide stable cash flows going forward. EBIT margin increased to 25% in 2010 vs. 14% in 2007. Shares of AIN closed at $19.45 yesterday.