Needham & Company Reiterates a 'Buy' on Measurement Specialties (MEAS); Announces Positive Preliminary Results

Needham & Company reiterates a 'Buy' on Measurement Specialties (NASDAQ: MEAS), PT raised from $32 to $37.

Needham analyst says, "MEAS continues to impress as its diversified portfolio of sensors and sensor-based technologies is experiencing solid demand. Aided by smart acquisitions such as PSI and the continuation of a recovering environment in the background, we view double-digit growth at MEAS to be a commanding theme over the near-to-medium term...Our F4Q estimates become $76.8 million and $0.56, up from our prior $74.0 million and $0.49. Looking to F12, our forecast is now $312 million and $2.20, up from our prior $304 million and $2.11."

For more ratings news on Measurement Specialties click here and for the rating history of Measurement Specialties click here.

Shares of Measurement Specialties closed at $33.99 yesterday.

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