Needham & Company Maintains a 'Hold' on PMFG, Inc. (PMFG); Backlog Decline Reflective of Demand Setting
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Price: $6.16 --0%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 8
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 8
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Needham & Company maintains a 'Hold' on PMFG, Inc. (NASDAQ: PMFG).
Needham analyst says, "The fiscal 4Q11 results exceeded our expectations. However, the decline on backlog is reflective of the current demand setting
which reduces the amount of financial predictability. We expect PMFG to eventually benefit from the increasing global demand for cleaner energy solutions."
For more ratings news on PMFG, Inc. click here and for the rating history of PMFG, Inc. click here.
Shares of PMFG, Inc. closed at $15.11 yesterday.
Needham analyst says, "The fiscal 4Q11 results exceeded our expectations. However, the decline on backlog is reflective of the current demand setting
which reduces the amount of financial predictability. We expect PMFG to eventually benefit from the increasing global demand for cleaner energy solutions."
For more ratings news on PMFG, Inc. click here and for the rating history of PMFG, Inc. click here.
Shares of PMFG, Inc. closed at $15.11 yesterday.
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