DA Davidson Upgrades Zoltek (ZOLT) to Buy Following Q4 Results

DA Davidson upgraded Zoltek Companies, Inc. (NASDAQ: ZOLT) from Neutral to Buy Wednesday afternoon following Q4 results from the company this morning. The firm boosted its price target on the stock from $8 to $10.

DA Davidson's Avinash Kant feels the company's earnings report was promising as "profitability has been a key concern for us and we believe a return to profitability is a positive catalyst."

For an analyst ratings summary and ratings history on Zoltek Companies, Inc. click here. For more ratings news on Zoltek Companies, Inc. click here.

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