Close

JMS Starts Portec Rail Products (PRPX) at Buy

June 10, 2008 5:34 PM EDT
Get Alerts PRPX Hot Sheet
Price: $11.79 --0%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
Join SI Premium – FREE
Janney Montgomery Scott initiates coverage on Portec Rail Products Inc. (Nasdaq: PRPX) with a Buy rating and $14 fair value price.

The firm said due to its established base of railroad customers and over 25% of its business outside North America, the company is positioned to capitalize on several underlying demand drivers like the railroad industry's efforts to increase safety and efficiency in an environment of record traffic volumes.

They also see higher levels of profitability due to higher gross margins and low capital expenditures which will lead to increasing free cash flow generation and ROIC.

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Janney Montgomery Scott