Ceco Environmental price target raised to $57 from $52 at Needham

Needham analyst James Ricchiuti raised the firm’s price target on Ceco Environmental (CECO) to $57 from $52 and keeps a Buy rating on the shares. The company delivered better-than expected Q3 revenues, reaffirmed its 2025 revenue and adjusted EBITDA guidance, and provided a preliminary revenue guide for 2026 that was above consensus, though with shares trading near all-time highs, expectations were elevated going into the quarter and , hence, some modest profit-taking was not surprising, the analyst tells investors in a research note.