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PMFG, Inc. risk/reward ratio very attractive, says Stifel Nicolaus

After meeting with PMFG's CEO, Stifel Nicolaus is more cautious about the company's near-term outlook due to political and regulatory uncertainty in the U.S.. The firm ,however, sees several positive long-term catalysts for the company and has increase confidence in its growth outlook in FY14 and beyond. The firm maintains a Buy rating.