Needham Maintains Buy Rating for CECO Environmental: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Needham has maintained its Buy rating for CECO Environmental (NASDAQ:CECO) and increased its price target from $17.00 to $18.00. CECO Environmental's shares are trading up 8.33% over the last 24 hours, at $15.66 per share. A move to $18.00 would account for a 14.91% increase from the current share price.
September 14, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham's maintained Buy rating and increased price target for CECO Environmental could potentially boost investor confidence and drive the stock price up in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Needham's decision to maintain a Buy rating and raise the price target for CECO Environmental indicates a positive outlook for the company, which could potentially attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100