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Synalloy valuation very attractive after decline, says Sterne Agee

After Synalloy reported lower than expected Q3 EPS, Sterne Agee left its FY14 and FY15 estimates for the company unchanged, and the firm expects the company's margins to rise next year. The firm thinks the stock's valuation is very attractive following its decline in the wake of the company's EPs miss. Sterne Agee keeps a $22 price target and Buy rating on the stock.