Needham raised the firm’s price target on Ceco Environmental (CECO) to $90 from $80 and keeps a Buy rating on the shares after its Q1 earnings beat showing “another strong bookings quarter”. With the pending combination with Thermon on track for a June close, standalone Ceco heads into the next major phase of the company’s transformation with a “powerful head of steam”, the analyst tells investors in a research note.
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