Measurement Specialties (MEAS) Bullish Stance Reiterated at Needham & Company

April 8, 2014 8:59 AM EDT
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Price: $86.00 --0%

Rating Summary:
    0 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Needham & Company analyst Sean K.F. Hannan reiterated a Buy rating and $70 price target on Measurement Specialties (NASDAQ: MEAS) following a solid booking/in-line revenue preannouncement.

Hannan said, "We believe last night’s pre-announcement further supports our view of MEAS as a company that continues to execute well in the near term, and should continue to do so in later periods through ongoing product differentiation and diversification, as well as bolt-on acquisitions that the company has used so effectively to grow in the past. Additionally, we continue to see opportunities for leverage off the solid ’15 growth expectations through margin expansion."

For an analyst ratings summary and ratings history on Measurement Specialties click here. For more ratings news on Measurement Specialties click here.

Shares of Measurement Specialties closed at $65.49 yesterday.

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