Enservco’s Q2 results better than expected, says Alliance Global Partners

Alliance Global Partners analyst Jeff Grampp reiterates a Buy rating and $1.00 price target on Enservco, telling investors in a research note that the company’s Q2 results were better than expectations as management continues to execute its strategy of strengthening its core business, reducing its cost structure and lowering debt. Debt reduction seems to be elevating the potential for M&A opportunities, the firm says, adding that management noted on its earnings call that it has a non-binding letter of intent on a potential target.