Canaccord Genuity Maintains a 'Buy' on Elster Group SE (ELT); Positioning the Platform for More EPS Power Plays Out Into 2013
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Price: $20.54 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Elster Group SE (NYSE: ELT) price target of $19.00.
Canaccord analyst, John Quealy, said, "We stay bullish following the inaugural investor day, with platform breadth and management’s focus (including proactive optimization ahead of EU product cycle) staying strong. While share volatility likely remains near term as the Street digests the investment plan and the variable macro environment, we find risk/reward very compelling here."
"No surprise, the near-term outlook for Water stays more subdued (already
factored in our estimates), with initiatives underway (including new product
penetration) to address margin concerns...We like the increased focus on operational metrics (ROCE), while the balance sheet provides flexibility for potential M&A, in our view (including potential moves into adjacent and attractive markets)."
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $12.96 yesterday.
Canaccord analyst, John Quealy, said, "We stay bullish following the inaugural investor day, with platform breadth and management’s focus (including proactive optimization ahead of EU product cycle) staying strong. While share volatility likely remains near term as the Street digests the investment plan and the variable macro environment, we find risk/reward very compelling here."
"No surprise, the near-term outlook for Water stays more subdued (already
factored in our estimates), with initiatives underway (including new product
penetration) to address margin concerns...We like the increased focus on operational metrics (ROCE), while the balance sheet provides flexibility for potential M&A, in our view (including potential moves into adjacent and attractive markets)."
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $12.96 yesterday.
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