ESCO Technologies An Underappreciated Gem With Massive Growth Potential, Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
Stephens analyst Tommy Moll has reiterated an Overweight rating on ESCO Technologies Inc (NYSE:ESE) with a price target of $120. Moll considers ESE an underappreciated global provider of engineered products for mission-critical applications. He is optimistic about the company's high-quality portfolio and its potential for double-digit organic earnings growth. Moll also expects ESE to deploy debt in acquiring businesses over time, with attractive growth prospects in adjacent markets.
August 28, 2023 | 6:39 pm
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Analyst Tommy Moll has reiterated an Overweight rating on ESCO Technologies Inc (NYSE:ESE) with a price target of $120. He is optimistic about the company's potential for double-digit organic earnings growth and expects ESE to deploy debt in acquiring businesses over time.
The analyst's positive outlook on ESE, including the potential for double-digit organic earnings growth and the expectation of debt deployment in business acquisitions, is likely to attract investor interest and potentially drive the stock price up in the short term.
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