Piper Jaffray & Co. Initiates Coverage on Calgon Carbon (CCC) with a Neutral
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Piper Jaffray & Co. initiates coverage on Calgon Carbon (NYSE: CCC) with a Neutral.
Piper analyst says, "We believe the current valuation of CCC shares requires significant contract wins in the mercury removal market, a Federal mandate on mercury emissions, and continued favorable pricing in the activated carbon market for water filtration...We believe that CCC is a unique investment idea to capitalize on tighter regulations on air and water quality in the U.S. and globally...Legacy water filtration business continues to experience healthy demand globally, driven by rising water quality standards and favorable pricing supported by tariffs implemented early last year...The emergence of mercury removal requirements in the power generation market provides significant upside potential over the next 3-5 years."
Calgon Carbon Corporation (Calgon Carbon) is a provider of products, and solutions for purifying water and air.
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