Mogan Joseph Upgrades Ceradyne (CRDN) to Buy
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Mogan Joseph upgrades Ceradyne Inc. (Nasdaq: CRDN) from Hold to Buy with a $62 price target
The firm said, "We believe the strength of the company's non-defense segments, Thermo Materials in particular, and a strong likelihood for timely X-SAPI orders makes the shares attractive at 9x our $4.75 2008E EPS."
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