Deutsche Bank Reiterates a 'Buy' on ESCO Technologies (ESE), Remains Top Green Tech Pick

January 16, 2009 9:13 AM EST
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Price: $86.28 -3.33%

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Deutsche Bank reiterates a 'Buy' on ESCO Technologies (NYSE: ESE), remains top green tech pick. Price target $42.

Deutsche analyst says, "We encourage investors to accumulate shares of ESCO Technologies as there are several near-term catalysts that can drive shares higher over the next 6 months, including 1) a win at SoCal Gas, 2) a major pilot with a Latin American utility and 3) news flow about traction at TEPCO following DistribuTECH."

ESCO Technologies Inc. (ESCO) is a producer of engineered products and systems sold to customers, primarily for utility, industrial and commercial applications.

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