Matrix Service price target raised to $15 from $13 at DA Davidson DA Davidson increased its target on Matrix as the firm believes that the market for refinery and petrochemical maintenance services appeared strong during the December period based on reports from service providers. The firm maintains a Buy rating on the stock.
News For MTRX From The Last 14 Days
Check below for free stories on MTRX the last two weeks.
Matrix Service weakness overdone, says DA Davidson After Matrix reported lower than expected Q4 EPS and provided weaker than expected FY15 guidance, DA Davidson thinks the company's electrical business appears to be on a growth trajectory, while the momentum of its storage business should continue. The firm cut its price target on the shares to $36 from $40 but keeps a Buy rating on the stock.