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Fly News Breaks for June 11, 2019
CECE
Jun 11, 2019 | 07:54 EDT
As previously reported, Roth Capital analyst Gerry Sweeney upgraded CECO Environmental to Buy from Neutral, citing improving revenue base, reduced complexity in operating structure, significant debt reduction and as he believes acquisitions will likely come back in to the picture. Overall, the analyst thinks management is creating a more sustainable industrial platform which leverages its improving sales efforts, emerging R&D and streamlined operations. He also raised his price target on the shares to the shares to $10 from $8.
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