UPDATE: Dougherty & Co Upgrades FEI Company (FEIC) to Buy

Dougherty & Co upgraded FEI Company (NASDAQ: FEIC) from Hold to Buy.

Analyst Joe Maxa said, "We are upgrading our rating to Buy from Neutral to reflect our belief that FEIC is well positioned for double digit revenue growth with increasing profitability going forward. We view its recent share price pullback as a favorable opportunity for investors to get involved with a well‐managed industry leader that is growing its addressable market and is focused on increasing its margins and profitability – at a reasonable price. FEIC is currently trading near 10x FY15 EBITDA (vs. ~14x a few weeks ago). Our $96.00 price target is based on 12.5x FY15 EBITDA."

For an analyst ratings summary and ratings history on FEI Company click here. For more ratings news on FEI Company click here.

Shares of FEI Company closed at $81.49 yesterday.

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