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Fly News Breaks for June 14, 2016
CUI
Jun 14, 2016 | 08:18 EDT
Craig-Hallum analyst Eric Stine recommends buying CUI Global on the pullback and expects further gas product momentum and improved results for the remainder of 2016 and into 2017 driven by increasing volumes from deliveries for Snam Rete's gas metering project. The analyst believes having Snam as a substantial reference customer is helping shorten the sales cycle for new orders and re-engage prior opportunities in the pipeline. Stine views CUI as an "under-the-radar investment" with a solid base business plus a "lottery ticket" with GasPTi and its other gas products and reiterates its Buy rating and $12 price target.
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