Wedbush Remains Bullish Following a Minerals Technologies (MTX) Analyst Day

Wedbush maintains an Outperform rating and $75.00 price target on Minerals Technologies (NYSE: MTX) following an analyst day on Tuesday. Analyst Al Kaschalk says that the management team delivered a message to double in size over the next 5-7 years.

Kaschalk commented, "We think Minerals Technologies (MTX) shares will increasingly benefit over the near-term from the tentacles of the company's continuous improvement culture and shared services model that drives improving margin performance. While the large and arguably low hanging fruit of the cost savings or synergies have been captured, the business and operational synergies that come from a shared service business model plus lowered fixed costs should support further margin expansion through 2016. Our longer-term view is based on commercialization of research and development projects from the company’s building product development pipeline to grow sales in the mid-single digit range while expanding operating margin, improving asset efficiency and increasing free cash flow generation."

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

Shares of Minerals Technologies closed at $68.13 yesterday.

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