DMC Global price target raised to $35 from $30 at Roth MKM

Roth MKM raised the firm’s price target on DMC Global to $35 from $30 and keeps a Buy rating on the shares. The company’s Q4 results were at the top end of its positive preannounced earnings and its DynaEnergetics business was very strong in a seasonally slow quarter, with strength also having carried over into Q1 as evidenced by guidance, the analyst tells investors in a research note. The firm adds that it anticipates margins improving through the year in both MC Global segments.