CECO Similar Chart Price Prediction
The price of CECO is predicted to go up -0.54%, based on the high correlation periods with WYNN. The similarity of these two price pattern on the periods is 98.15%.
CECO
WYNN
Down: -0.54%Similarity: 98.15%
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CECO Analyst's Forecast
Aaron Spychalla
Craig-Hallum
Strong Buy
2025-01-06
Price Target
$34 → $40
Upside
+28.82%
Craig-Hallum analyst Aaron Spychalla raised the firm's price target on Ceco Environmental to $40 from $34 and keeps a Buy rating on the shares. The firm notes Ceco has completed the acquisition of Profire Energy, a provider of combustion/burner management control solutions for gas-fired applications, for $123M. The largest acquisition made to-date, Craig-Hallum thinks it follows its M&A playbook of expanding its addressable market and being additive to margins, with the potential for cost and commercial synergies to result in a 7.0-7.5 turns EBITDA purchase price. The firm remains optimistic on the outlook for record Q4 2024 orders driven by its emissions solutions for growing power generation needs, which should continue into 2025 and help provide confidence in the outlook for double-digit organic growth in the coming years.
