Northern Technologies price target raised to $20 from $19 at Northland

Northland raised the firm’s price target on Northern Technologies to $20 from $19 and keeps an Outperform rating on the shares following what the firm calls “a strong quarter.” Northern is seeing strong momentum in its Zerust Oil & Gas and compostable plastic businesses while its JV operations revenue has stabilized and its profitability has improved due to lower input costs, the analyst tells investors.