Oppenheimer Maintains an 'Outperform' on ESCO Technologies (ESE); Remains Top Pick After Meeting with Management
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Price: $33.10 +3.12%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade ESE Now!
Oppenheimer maintains an 'Outperform' on ESCO Technologies (NYSE: ESE) price target of $44.00.
Analyst, Jim Giannakouros, said, "We recently met with CFO Gary Muenster and discussed ESE's strategies and outlook for each of its segments. While the USG and Test segments currently exhibit their lumpiness, long-term secular trends and international opportunities remain compelling. SoCalGas is tracking well and should provide solid growth in FY13-FY16 with benefits to margin. We expect multiple expansion as SoCalGas ramps in the coming quarters, and growth prospects (TEPCO, Latin America, domestic AMI opportunities) become more visible. Downside protection is evidenced by shares slightly up after ESE's F3Q12 earnings miss last week, in our view. ESE remains our top pick within our Sustainable Infrastructure & Industrial coverage universe."
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 $36.28 yesterday, with a 52 week range of $23.75-$38.37.
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Analyst, Jim Giannakouros, said, "We recently met with CFO Gary Muenster and discussed ESE's strategies and outlook for each of its segments. While the USG and Test segments currently exhibit their lumpiness, long-term secular trends and international opportunities remain compelling. SoCalGas is tracking well and should provide solid growth in FY13-FY16 with benefits to margin. We expect multiple expansion as SoCalGas ramps in the coming quarters, and growth prospects (TEPCO, Latin America, domestic AMI opportunities) become more visible. Downside protection is evidenced by shares slightly up after ESE's F3Q12 earnings miss last week, in our view. ESE remains our top pick within our Sustainable Infrastructure & Industrial coverage universe."
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 $36.28 yesterday, with a 52 week range of $23.75-$38.37.
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