Needham has decided to maintain its Buy rating of CECO Environmental (NASDAQ:CECO) and raise its price target from $17.00 to $18.00.
Shares of CECO Environmental are trading up 8.33% over the last 24 hours, at $15.66 per share.
A move to $18.00 would account for a 14.91% increase from the current share price.
About CECO Environmental
CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.
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