Dynamic Materials (BOOM) Gets a Boost From Analyst Upgrade
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After losing 25% of its value after reporting Q1 earnings, shares of Dynamic Materials (NASDAQ: BOOM) are up nearly 6% today, benefiting from an upgrade to Buy at KeyBanc.
KeyBanc said the recent collapse of BOOM shares appears overdone and the recent market concern has created an excellent entry point for more value-oriented investors.
KeyBanc has a $50 price target on Dynamic Materials, which represents a 35% gain from current prices.
Dynamic Materials Corporation provides explosion-welded clad metal plates and welding services.
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Joshua Lopez on May 25, 2009 10:32 PM