Maxim resumed coverage of Graham (GHM) with a Buy rating and $65 price target The growth in energy production, military defense spending and space travel will increase demand for Graham’s equipment, and the company’s new CEO Matt Malone fits well with its current strategic vision, the analyst tells investors in a research note. Maxim expects Graham to generate free cash flow to grow its net cash balance of $21.6M as of March-end to consider acquisitions and manufacturing capacity expansions, the firm added.
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