Ceco Environmental price target raised to $68 from $58 at Roth Capital

Roth Capital analyst Gerry Sweeney raised the firm’s price target on Ceco Environmental (CECO) to $68 from $58 and keeps a Buy rating on the shares. The acquisition of Thermon Group Holdings (THR) creates a more balanced company in terms of long, medium and short cycle business, and this should improve its cash flow and margin profile, the analyst tells investors in a research note.