Perma-fix growth on track despite ‘challenging’ Q4, says Craig-Hallum

Craig-Hallum reiterates a Buy rating on Perma-fix Environmental (PESI) with an $18 price target following the company’s Q4 report. The company reported a “challenging” quarter that was largely as expected given the December preannouncement with it seeing delays in waste procurements and project starts, the analyst tells investors in a research note. The firm remains confident in Perma-fix’s transformation, saying multiple large opportunities should drive “substantial growth and sustainable profitability in the coming years.” Hallum sees an attractive risk/reward on the stock’s pullback.