Piper Jaffray Initiates Coverage on Telvent Git S.A. (TLVT) with an Overweight
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Piper Jaffray & Co. initiates coverage on Telvent Git S.A. (Nasdaq: TLVT) with an Overweight. Price target $38.
Piper analyst says, "Core climate change holding and carbon reduction play: Telvent provides IT software and solutions to the energy, transportation, and environment markets and is over 80% exposed to carbon reduction through more efficient management of electricity grids, oil & gas pipelines, and transportation networks...Levered to the "smartest" part of the smart grid value chain...Positioned to benefit from stimulus funds...DTN acquisition complements energy, transportation, and environment offerings...Positive catalysts: We see the following positive catalysts for the stock: 1) recent offering from Abengoa improves liquidity and additional analyst coverage will help raise the company's profile. 2) Additional contract announcements and execution to company plan for growth in smart grid, transportation, and environment projects. 3) Following Abengoa's recent sale of shares; we expect Telvent will become a US issuer by mid-2010."
To see more analyst ratings on TVLT Click Here.
Telvent GIT, S.A., an information technology company, provides products, services, and integrated solutions to customers in energy, traffic, transportation, and environment industries.
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