Fly News Breaks for November 12, 2018
Nov 12, 2018 | 07:24 EDT
Wedbush analyst Moshe Katri raised his price target for Willdan Group to $45 from $40 as he believes the acquisition of Lime Energy completed as of last Friday solidifies the company's position in CA's upcoming program expansions, provides incremental opportunities in the southeast, as well as cross-selling opportunities using Lime's technologies/services expertise into the northeast region. From a financial perspective, the analyst believes his preliminary CY19 pro-forma net revenue and CEPS estimates are conservative. He reiterates an Outperform rating on the shares.
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