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

|About: Astec Industries, Inc. (ASTE)|By:, SA News Editor

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.