Brean Murray Carret & Co. Upgrades Met-Pro (MPR) to Buy; Multiple Contract Wins Lead Us To Raise Estimates
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Price: $13.60 --0%
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Brean Murray Carret & Co. upgraded Met-Pro (NYSE: MPR) from Hold to Buy with a price target of $15.00.
Brean analyst says, "MPR announced a large contract win yesterday morning for $2 million. This comes on the heels of more recent and large contract wins over the past few months...we see significant upside to once again recommend investors take positions in shares...our 2012 EPS estimates are now $0.53 from $0.47 and 2013 is now $0.64 from $0.55."
For more ratings news on Met-Pro click here and for the rating history of Met-Pro click here.
Shares of Met-Pro closed at $9.95 yesterday.
Brean analyst says, "MPR announced a large contract win yesterday morning for $2 million. This comes on the heels of more recent and large contract wins over the past few months...we see significant upside to once again recommend investors take positions in shares...our 2012 EPS estimates are now $0.53 from $0.47 and 2013 is now $0.64 from $0.55."
For more ratings news on Met-Pro click here and for the rating history of Met-Pro click here.
Shares of Met-Pro closed at $9.95 yesterday.
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