Canaccord Genuity Maintains a 'Hold' on Fuel-Tech (FTEK); Nice Execution in a Tough Tape
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Price: $1.45 --0%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Hold' on Fuel-Tech (NASDAQ: FTEK) price target of $7.00.
Canaccord analyst, John Quealy, said, "We are encouraged to see the upside across the business, especially impressive as the debate surrounding air pollution control regulations lingers through the 2012 presidential election season. Near term, we are looking for signs of continued traction...Our 2011 estimates go to $89.9M/$0.25 from $83.1M/$0.13, while our 2012 estimates reset to $100.0M/$0.30 from $95.8M/$0.25."
For an analyst ratings summary and ratings history on Fuel-Tech click here. For more ratings news on Fuel-Tech click here.
Shares of Fuel-Tech closed at $6.70 yesterday.
Canaccord analyst, John Quealy, said, "We are encouraged to see the upside across the business, especially impressive as the debate surrounding air pollution control regulations lingers through the 2012 presidential election season. Near term, we are looking for signs of continued traction...Our 2011 estimates go to $89.9M/$0.25 from $83.1M/$0.13, while our 2012 estimates reset to $100.0M/$0.30 from $95.8M/$0.25."
For an analyst ratings summary and ratings history on Fuel-Tech click here. For more ratings news on Fuel-Tech click here.
Shares of Fuel-Tech closed at $6.70 yesterday.
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