Needham raised the firm’s price target on Ceco Environmental to $22 from $18 and keeps a Buy rating on the shares. The company reported another beat-and-raise quarter as bookings rose 43%, representing book-to-bill of 0.97, while also offering a “solid” preliminary 2024 outlook, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CECO:
- Ceco Environmental price target raised to $22 from $19 at Roth MKM
- Ceco Environmental sees FY24 revenue $575M-$600M, consensus $553.92M
- Ceco Environmental raises upper end of FY23 revenue view to $525M-$550M
- Ceco Environmental reports Q3 non-GAAP EPS 22c, consensus 18c
- CECO ENVIRONMENTAL REPORTS THIRD QUARTER 2023 RESULTS
