Information Provided By:
Fly News Breaks for November 9, 2017
CECE
Nov 9, 2017 | 11:37 EDT
As previously reported, Needham downgraded CECO Environmental to Buy from Strong Buy and cut its price target to $7.50 from $13. Analyst Sean Hannan said Q3 results were "tough" with material demand softness developing in the Power-Gen end market combed with general softness at Refineries. The analyst believes cost containment will help EBITDA in the near-term while the dividend suspension and focus on increased working capital will help pay down debt and free-cash-flow.
News For CECE From the Last 2 Days
There are no results for your query CECE