Dynamic Materials price target raised to $27 from $18 at DA Davidson DA Davidson increased its price target on Dynamic Materials as the firm expects the company's EPS to increase 22% in 2013 and 42% in 2014. The firm expects the company to provide a positive outlook for 2013 on its Q4 conference call, and it maintains a Buy rating on the stock.
Dynamic Materials sees Q3 sales down 8%-12% vs. $51.9M last year Consensus $47.64M. The company said, "The decline relates to DynaEnergetics, which had a strong comparable third quarter last year. Third quarter gross margin is expected to be in a range of 27% to 29% versus the 29% reported in last year's third quarter."