Needham & Company Reiterates a 'Buy' on Measurement Specialties (MEAS); Confident After Meeting with Management
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Price: $46.73 +0.34%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MEAS Now!
Needham & Company reiterates a 'Buy' on Measurement Specialties (NASDAQ: MEAS) price target of $36.00.
Analyst, Sean K.F. Hannan, said, "On May 30, we hosted MEAS for a number of investor meetings in Boston and exited the day with continued confidence in our positive outlook. Overall, we believe MEAS continues to be a crisp operator with a unique product portfolio, buoyed by smart strategic tuck-in acquisitions. We remain particularly positive on opportunities related to SCR/urea quality & levels while the rest of MEAS’s business also looks healthy. With bookings still generally strong, we expect double-digit annual growth to continue as margins appear to have the potential to expand beyond our current model."
Needham raises FY12 EPS estimate from $1.64 to $1.65 and revs from $309.3 mln to $313.2 mln.
For an analyst ratings summary and ratings history on Measurement Specialties click here. For more ratings news on Measurement Specialties click here.
Shares of Measurement Specialties closed at $32.91 yesterday, with a 52 week range of $23.55-$38.98.
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Analyst, Sean K.F. Hannan, said, "On May 30, we hosted MEAS for a number of investor meetings in Boston and exited the day with continued confidence in our positive outlook. Overall, we believe MEAS continues to be a crisp operator with a unique product portfolio, buoyed by smart strategic tuck-in acquisitions. We remain particularly positive on opportunities related to SCR/urea quality & levels while the rest of MEAS’s business also looks healthy. With bookings still generally strong, we expect double-digit annual growth to continue as margins appear to have the potential to expand beyond our current model."
Needham raises FY12 EPS estimate from $1.64 to $1.65 and revs from $309.3 mln to $313.2 mln.
For an analyst ratings summary and ratings history on Measurement Specialties click here. For more ratings news on Measurement Specialties click here.
Shares of Measurement Specialties closed at $32.91 yesterday, with a 52 week range of $23.55-$38.98.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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