CJS Securities Initiates Coverage Of Spectrum Control, Inc. (SPEC) With Market Outperform Rating

CJS Securities has initiated coverage of Spectrum Control, Inc. (NASDAQ: SPEC) with a Market Outperform rating. The price target for Spectrum Control, Inc. stock has been set at $17.

The company has a long history of top and bottom-line growth, which is driven by its military applications, according to CJS Securities. It also has excellent financial characteristics and an attractive business model, with significant operating leverage.

Despite a strong track record, shares of the company are only trading at a multiple of 10x FY11 EPS estimate. According to CJS Securities, this makes valuation attractive at current levels.