JMP Securities believes that the expected slowdown of shale gas development and pipeline capital expenditures could create an overhang in PMFG's stock in the near-term. However, the firm views this as just a short-term slowdown and it continues to have an upbeat longer term view of the stock. The firm maintains a $17 target and Buy rating on the shares. A previous article incorrectly stated that ThinkEquity had issued this note.
America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.