Piper Jaffray Reiterates Overweight On Tri-Tech (TRIT)

Posted by Tate Dwinnell | # |
09:14:03 am on August 16, 2010

Piper Jaffray is out reiterating an Overweight rating on Tri-Tech Holding (TRIT) this morning.  Hat tip to Street Insider for the analyst comment.

==> Click Here For A Free Tri-Tech Technical Analysis

“We expect management’s tone to remain upbeat regarding the outlook as China embarks on significant water infrastructure expansion. TRIT’s proprietary products & services position the company well to capitalize on this large market opportunity. We do not anticipate significant changes to our FY10 & FY11 sales and EPS estimates, and believe the shares are undervalued relative U.S.-listed water equipment & services stocks.”

Shares of TRIT are currently down about 3% in early trading and trying to hang in there around the 50 day moving average.

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