Astec Industries (ASTE +2.8%) trades higher after Sterne Agee launches coverage on the maker of...


Astec Industries (ASTE +2.8%) trades higher after Sterne Agee launches coverage on the maker of road-building equipment with a Buy and $40 PT. While noting ongoing uncertainty about federal highway funding, the firm is pleased with Astec's efforts to diversify its revenue base, and to increase its international presence.

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