Freedom Capital Markets Starts Gencor Industries (GENC) at Buy

Freedom Capital Markets analyst Sergey Glinyanov initiates coverage on Gencor Industries (NYSE: GENC) with a Buy rating and a price target of $16.00.

The analyst commented: "We are initiating coverage of Gencor Industries, Inc. (GENC) with a Buy rating and a target price of $16. Gencor Industries specializes in the design, manufacturing, and sale of heavy machinery used in the production of asphalt, synthetic fuels, and highway construction. The company is well positioned to benefit from sustained public infrastructure investment and is differentiated by an exceptionally strong balance sheet, characterized by a substantial net cash position and the absence of long-term debt, which we view as a key strategic and valuation support."

For an analyst ratings summary and ratings history on Gencor Industries click here. For more ratings news on Gencor Industries click here.

Shares of Gencor Industries closed at $13.13 yesterday.

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