Piper Jaffray Upgrades Gushan Environmental Energy (GU) to Buy, Adds To Alpha List
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Piper Jaffray upgrades Gushan Environmental Energy (NYSE: GU) from Neutral to Buy with a $15 price target. Piper also added the stock to its Alpha List.
Piper believes Gushan will report solid second quarter results in mid-August, driven by the recent strength of the diesel market and control of feedstock costs. In fact, the firm raised its second quarter EPS estimate from $0.22 to $0.26, which is above the Wall Street consensus of $0.22.
Piper also noted that the current price represents a very compelling entry point for investors.
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