Dresser-Rand initiated with Buy rating at Gabelli


Dresser-Rand (DRC +2.1%) is started at Gabelli with a Buy rating and $70 price target, citing the company's largest installed base of oil and gas compressors and leading compressor technology, which provides a cash-generative suite of assets with steady, recurring aftermarket revenues.

Operations are currently challenged, creating aftermarket mix among the highest in industrials, working capital normalization, current valuation, and operational activist ValueAct Capital among potential sources of upside.

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  • Manishgupta
    , contributor
    Comments (16) | Send Message
     
    "DRC " -Thank u for the great article -Wow finally someone is making sense -finally on this stock -I am and have been long since it has been down from 60 to 54 -I like this company .
    1 Apr 2014, 11:20 PM Reply Like
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