- Loop Capital analyst Scott Graham initiated coverage on Altra Industrial Motion Corp (NASDAQ:AIMC) with a Buy rating and a price target of $58, implying an upside of 44%.
- Graham thinks management’s sales and margin enhancement strategies will steer solid earnings growth in the next several quarters and a modest sales acceleration in Q2 of 2023 through 2024.
- The analyst believes the shares as undervalued based on the current levels.
- Price Action: AIMC shares are trading lower by 0.91% at $40.24 on the last check Friday.
Global Water Resources To Acquire Seven Water Systems From Tucson Water, Adding 2,200 Customer Connections; No Financial Terms Disclosed
Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has entered into an agreement to acquire seven water systems from the City of Tucson's water utility. The systems are
