Topeka Capital Upgrades Dynamic Materials (BOOM) to Buy

January 14, 2013 9:10 AM EST
Get Alerts BOOM Hot Sheet
Price: $14.80 --0%

Rating Summary:
    6 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Topeka Capital upgraded Dynamic Materials (NASDAQ: BOOM) from Hold to Buy with a price target of $20.00.

The firm comments, :We recently attended a BOOM analyst event where we spent a considerable amount of time with the management. While 2013 will likely be focused on operational execution, we gained further confidence in the team's strategic initiatives and insight into some of the longer-term objectives. We are lowering our 2012/2013 estimates to reflect broader economic uncertainty in the 4Q and 1H13, and acknowledge the Company is not immune to near-term earnings risks. However, we believe BOOM is positioned for a strong 2H13 and 2014 and we are increasing our price target to $20 to incorporate our newly initiated 2014 estimates."

For an analyst ratings summary and ratings history on Dynamic Materials click here. For more ratings news on Dynamic Materials click here.

Shares of Dynamic Materials closed at $15.32 yesterday.

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