Albany International (AIN +3.5%) gains today after Stifel Nicolaus initiates coverage with a Buy...

|About: Albany International Corp/DE/ (AIN)|By:, SA News Editor

Albany International (AIN +3.5%) gains today after Stifel Nicolaus initiates coverage with a Buy rating and a $38 price target. Stifel sees the "best of times" for it's engineered composites segment, due to its sole source supplier position for the composite cold-section fan blades and fan case for the LEAP family of jet engines, which power the workhorses of the global commercial airplane fleet. Additionally, the company has a strong cash flow generator in its mature paper product supply business, which will drive strong operating margins.