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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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