Next Generation Initiates Coverage on Northern Technologies (NTIC) with a Buy; Promising Relationship with Petrbras
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Up: 16 | Down: 7 | New: 23
Next Generation initiates coverage on Northern Technologies (Nasdaq: NTIC) with a Buy. Price target $15.
Next Gen analyst says, "The company has a promising relationship with Petrobras (NYSE: PZE) to offer corrosion protection for petroleum storage tank roofs at refineries, flanges at oil platforms, and other R&D projects. The revenue impact from the company's relationship with Petrobras should really start to accelerate in FY2010 at margins that are higher than the company's core business. The relationship with Petrobras should offer opportunities with other integrated petroleum producers. The global corrosion protection market for oil and gas is estimated to be at $127 billion annually growing 10% per year...Our EPS estimates for FY2010 and FY2011 are $0.35 and $0.77 respectively."
To see more analyst ratings on NTIC Click Here.
Northern Technologies International Corporation engages in the development, manufacture, marketing, and sale of primarily rust and corrosion protection products, and custom packaging systems for automotive, oil and gas, electronics, electrical, mechanical, military, and retail consumer markets in the United States and internationally.
Next Gen analyst says, "The company has a promising relationship with Petrobras (NYSE: PZE) to offer corrosion protection for petroleum storage tank roofs at refineries, flanges at oil platforms, and other R&D projects. The revenue impact from the company's relationship with Petrobras should really start to accelerate in FY2010 at margins that are higher than the company's core business. The relationship with Petrobras should offer opportunities with other integrated petroleum producers. The global corrosion protection market for oil and gas is estimated to be at $127 billion annually growing 10% per year...Our EPS estimates for FY2010 and FY2011 are $0.35 and $0.77 respectively."
To see more analyst ratings on NTIC Click Here.
Northern Technologies International Corporation engages in the development, manufacture, marketing, and sale of primarily rust and corrosion protection products, and custom packaging systems for automotive, oil and gas, electronics, electrical, mechanical, military, and retail consumer markets in the United States and internationally.
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