Graham initiated with an Outperform at Northland

Northland initiated coverage of Graham (GHM) with an Outperform rating and $55 price target Graham designs and manufactures mission-critical engineered technologies for highly regulated sectors like defense, space, energy, and chemical processing, notes the analyst, who has seen a “significant turnaround” since new leadership joined in 2021. The firm believes Graham sees double-digit growth and margin expansion moving forward, the analyst added ahead of the company’s management being available at the firm’s conference this week.