Barclays Maintains an 'Overweight' on Thermon Group (THR); Solid Q4 on Building Backlog

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Barclays maintains an 'Overweight' on Thermon Group Holdings (NYSE: THR) price target of $23.00 (from $22.00).

Analyst, James C. West, said, "We believe that Thermon is well positioned to benefit from the energy infrastructure buildout cycle that is underway. Order momentum and visibility are improving, and backlogs for E&C companies are beginning to trend higher."

West also highlights a top management team, strong heat tracing business, and reputation for high quality.

For an analyst ratings summary and ratings history on Thermon Group Holdings click here. For more ratings news on Thermon Group Holdings click here.

Shares of Thermon Group Holdings closed at $20.90 yesterday, with a 52 week range of $11.05-$23.17.

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