Needham & Company Reiterates a 'Buy' on ESCO Technologies (ESE); Executing to Plan; Raising PT

May 10, 2012 9:10 AM EDT
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Price: $55.90 --0%

Rating Summary:
    7 Buy, 5 Hold, 0 Sell

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    Up: 15 | Down: 17 | New: 10
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Needham & Company reiterates a 'Buy' on ESCO Technologies (NYSE: ESE) price target raised from $36 to $39.

Analyst, Sean K.F. Hannan, said, "ESE is executing well as it continues to perform generally to expectations in what we expect will be a transition year ahead of substantial growth in F13, driven by USG and the SoCal Gas project. Bookings, backlog and visibility remain solid to improving while management views the visibility and strength of USG’s pipeline as at historic levels."

For an analyst ratings summary and ratings history on ESCO Technologies click here. For more ratings news on ESCO Technologies click here.

Shares of ESCO Technologies closed at $33.19 yesterday.

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