Analyst Dave Edwards of ThinkEquity downgraded Fuel Tech this morning to "accumulate." In a note to clients, he underscored that he still likes the company's long term story, but said he believes it's now time to "take a breather" and allow the fundamentals to catch up to the share price.
Since November 30, 2006, FTEK shares have risen 21% and reached ThinkEquity's 12-month price target of $29 in a relatively short span.
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Fuel Tech downgraded
Submitted on February 12th, 2007 by Dallas KachanAnalyst Dave Edwards of ThinkEquity downgraded Fuel Tech this morning to "accumulate." In a note to clients, he underscored that he still likes the company's long term story, but said he believes it's now time to "take a breather" and allow the fundamentals to catch up to the share price.
Since November 30, 2006, FTEK shares have risen 21% and reached ThinkEquity's 12-month price target of $29 in a relatively short span.