Ceco Environmental price target raised to $60 from $51 at Northland

Northland analyst Bobby Brooks raised the firm’s price target on Ceco Environmental (CECO) to $60 from $51 and keeps an Outperform rating on the shares ahead of the company reporting Q3 results on Tuesday, October 28. While the firm keeps its FY25 and FY26 forecasts unchanged, it lifts its price target on higher conviction in the long-term growth story and a higher multiple.