Maxim Group Initiates Astec Industries With Buy

Maxim Group initiated coverage on

with a Buy rating. The target price for Astec Industries is set to $52. Astec Industries shares have dropped 2.90 percent over the past 52 weeks, while the S&P 500 index has surged 7.12 percent in the same period. Astec Industries' shares rose 0.22 percent to close at $41.45 yesterday.