Soleil Securities Maintains an 'Outperform' on Flanders (Nasdaq: FLDR); Raises 2010 Estimates
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Soleil Securities maintains an Outperform rating on Flanders (Nasdaq: FLDR). Price target $7.25.
Soleil analyst says, "Management continues to make operational progress and deliver on its strategy...Flanders wins three purchase agreements from MOX contract valued at $23 million...Commercial & Industrial agreements provide follow through and likely to add to revenue/cash flow stability...Retail environment remains soft with noted price concessions...Raising our 2010 revenue/EPS estimates to $240.4 million/$0.34 from $237.5 million/$0.31 and introducing 2011 estimates of $247.3 million/$0.40."
To see more analyst ratings on FLDR Click Here.
Flanders Corporation and its subsidiaries engage in designing, manufacturing, and marketing environmental filtration systems for controlling contaminants in residences and commercial office buildings.
Soleil analyst says, "Management continues to make operational progress and deliver on its strategy...Flanders wins three purchase agreements from MOX contract valued at $23 million...Commercial & Industrial agreements provide follow through and likely to add to revenue/cash flow stability...Retail environment remains soft with noted price concessions...Raising our 2010 revenue/EPS estimates to $240.4 million/$0.34 from $237.5 million/$0.31 and introducing 2011 estimates of $247.3 million/$0.40."
To see more analyst ratings on FLDR Click Here.
Flanders Corporation and its subsidiaries engage in designing, manufacturing, and marketing environmental filtration systems for controlling contaminants in residences and commercial office buildings.
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