Albany International Corp/DE/ (AIN) - NYSE
  • Apr. 4, 2013, 11:20 AM

    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.

    | Apr. 4, 2013, 11:20 AM
Company Description
Albany International Corp. engages in textiles and materials processing. It operates through two segments: Machine Clothing and Engineered Composites. The Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and... More
Industry: Textile Industrial
Country: United States