Needham Maintains Buy on CECO Environmental, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on CECO Environmental but lowers the price target from $35 to $33.

October 30, 2024 | 12:13 pm
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NEUTRAL IMPACT
Needham analyst James Ricchiuti maintains a Buy rating on CECO Environmental but lowers the price target from $35 to $33.
The analyst's decision to maintain a Buy rating suggests continued confidence in CECO Environmental's prospects, which is positive. However, the lowered price target indicates a slightly less optimistic view on the stock's potential upside, balancing the impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100