Soleil Securities Maintains an 'Outperform' on Flanders (Nasdaq: FLDR); Raises 2010 Estimates

September 28, 2009 8:59 AM EDT

Soleil Securities maintains an Outperform rating on Flanders (Nasdaq: FLDR). Price target $7.25.

Soleil analyst says, "Management continues to make operational progress and deliver on its strategy...Flanders wins three purchase agreements from MOX contract valued at $23 million...Commercial & Industrial agreements provide follow through and likely to add to revenue/cash flow stability...Retail environment remains soft with noted price concessions...Raising our 2010 revenue/EPS estimates to $240.4 million/$0.34 from $237.5 million/$0.31 and introducing 2011 estimates of $247.3 million/$0.40."

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Flanders Corporation and its subsidiaries engage in designing, manufacturing, and marketing environmental filtration systems for controlling contaminants in residences and commercial office buildings.


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