Needham & Company Upgrades Zoltek Companies, Inc. (ZOLT) to Buy
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Price: $16.73 --0%
Rating Summary:
1 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & Company upgraded Zoltek Companies, Inc. (NASDAQ: ZOLT) from Hold to Buy with a price target of $10.00.
"The nearterm prospects for primary wind customer Vestas look challenging. However, we believe potential investors should also be focusing on long-term opportunities such as the auto market, which is likely to become a larger driver of sales. The successful development of a lower cost carbon fiber (CF) product should lead to additional revenue streams," said analyst Michael Lew.
For an analyst ratings summary and ratings history on Zoltek Companies, Inc. click here. For more ratings news on Zoltek Companies, Inc. click here.
Shares of Zoltek Companies, Inc. closed at $7.77 yesterday.
"The nearterm prospects for primary wind customer Vestas look challenging. However, we believe potential investors should also be focusing on long-term opportunities such as the auto market, which is likely to become a larger driver of sales. The successful development of a lower cost carbon fiber (CF) product should lead to additional revenue streams," said analyst Michael Lew.
For an analyst ratings summary and ratings history on Zoltek Companies, Inc. click here. For more ratings news on Zoltek Companies, Inc. click here.
Shares of Zoltek Companies, Inc. closed at $7.77 yesterday.
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