Matrix Service (MTRX +9%) is upgraded to Overweight with an $18 price target, up from $12, by...

|About: Matrix Service Company (MTRX)|By:, SA News Editor

Matrix Service (MTRX +9%) is upgraded to Overweight with an $18 price target, up from $12, by Stephens, which expects the supplier of storage tanks and aftermarket tank products to report a strong FQ2. The firm cites MTRX's healthy refinery turnaround activity in its oil, gas and chemical segment, and a boost from higher-margin storm response work post-Hurricane Sandy.