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Needham & Company Upgrades PMFG, Inc. (PMFG) to Buy, To Benefit from Higher Nat Gas and Nuclear Consumption

December 31, 2012 8:23 AM EST Send to a Friend
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Price: $5.57 -0.89%

Rating Summary:
    1 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 10 | New: 20
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Needham & Company upgraded PMFG, Inc. (NASDAQ: PMFG) from Hold to Buy with a price target of $11.00.

PMFG is well positioned as a provider of filtration and separator products into the growing natural gas and nuclear fuel markets, according to analyst Michael Lew.

"A recent ExxonMobil report highlights the world's growing population and its rising energy consumption," notes Lew. "PMFG should also benefit from more stringent emissions regulations on coal-fired plants. Despite some uncertainty in the mature markets, the higher-growth emerging economies seem to have resumed a positive trajectory."

For an analyst ratings summary and ratings history on PMFG, Inc. click here. For more ratings news on PMFG, Inc. click here.

Shares of PMFG, Inc. closed at $8.09 yesterday.




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