Brean Murray Carret & Co. Starts Fuel-Tech (FTEK) at Buy; Likely to Benefit from Tighter Air Emission Regulations and Growth in Emerging Markets

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February 23, 2012 7:56 AM EST
Get Alerts FTEK Hot Sheet
Price: $1.39 +0.72%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Brean Murray Carret & Co. initiates coverage on Fuel-Tech (NASDAQ: FTEK) with a Buy. PT $8.00.

Brean analyst said, "In our opinion, FTEK is a strong market leader in its field and stands to grow tremendously alongside the dual worldwide movements of increased power generation and responsible pollution control...FTEK has installed their advanced technologies in 680 separate utilities in 26 nations around the world and owns 75 patents worldwide, with 10 more pending in the U.S. and 86 patents pending overseas."

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 $6.40 yesterday.

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Brean Murray Carret & Co.