Wedbush Upgrades Perma-Fix Environmental Services (PESI) to Outperform; Adjusts PT & Estimates
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Wedbush upgrades Perma-Fix Environmental Services (Nasdaq: PESI) from Neutral to Outperform. Price target increased to $3.
Wedbush analyst says, "Upgrading to OUTPERFORM as revenue mix and backlog provide positive outlook. Q3:09 GAAP EPS of $0.05 beats our estimate by $0.03. Solid Nuclear segment performance offset expected weak Industrial segment. Backlog of $17.5M highlights strength in core business and dissipating liquidity concerns. Adjusting revenue/EPS estimates to $99.8 million/$0.11 in FY09, $107.7 million/$0.15 in FY10 and $112.6 million/$0.17 in FY11."
To see more analyst ratings on PESI Click Here.
Perma-Fix Environmental Services, Inc., through its subsidiaries, operates as an environmental and technology know-how company in the United States.
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