Lake Street raised the firm’s price target on Ceco Environmental (CECO) to $56 from $35 and keeps a Buy rating on the shares following “strong” Q2 results. Management noted an improving sales pipeline, notes the analyst, who expects Ceco to show accelerating revenue growth and free cash flow over the next three to four years as strong orders and double-digit backlog growth convert to revenue.
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Read More on CECO:
- Ceco Environmental price target raised to $55 from $33 at H.C. Wainwright
- CECO Environmental Reports Strong Q2 2025 Growth
- CECO Environmental: Strong Performance and Promising Outlook Justify Buy Rating
- Ceco Environmental reports Q2 EPS 24c, consensus 18c
- Ceco Environmental raises FY25 revenue view to $725M-$775M, consensus $726.96M