Needham & Company Reiterates a 'Buy' on ESCO Technologies (ESE); F1Q Miss Vs. Street, But Healthy Guidance/Outlook Intact
ESE Hot Sheet
Rating Summary:4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Needham & Company reiterates a 'Buy' on ESCO Technologies (NYSE: ESE) price target raised from $34 to $36.
Analyst, Sean H.F. Hannan, said, "Overall, we continue to have a positive view of ESE's diversified business as non-utility areas are performing well (particularly Filtration revs and margins) while the utility related businesses of Doble and Aclara appear to be well-positioned for a strong multi-year surge in activity. With strong bookings and internal investments becoming more tempered, we expect solid margin expansion over the next 1-2 years without much reliance on an uplift in the macro environment."
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 $32.63 yesterday, with a 52 week range of $23.75-$41.00.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Analyst, Sean H.F. Hannan, said, "Overall, we continue to have a positive view of ESE's diversified business as non-utility areas are performing well (particularly Filtration revs and margins) while the utility related businesses of Doble and Aclara appear to be well-positioned for a strong multi-year surge in activity. With strong bookings and internal investments becoming more tempered, we expect solid margin expansion over the next 1-2 years without much reliance on an uplift in the macro environment."
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 $32.63 yesterday, with a 52 week range of $23.75-$41.00.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UBS Maintains a 'Buy' on Ralph Lauren (RL); Taking A More Conservative Approach
- Goldman Sachs Boosts Target on Williams-Sonoma (WSM) On Signs of Stabilization
- Barclays Acknowledges Positive Q4 Results From Ralph Lauren (RL); Expect FY13 To Face Several Top Line Headwinds
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
