Wilsons has just issued a report maintaining its buy recommendation, and upgrading its 12 month target price for NAN from $3.12/share to $3.34 per share.
The primary reason for the upgrade (but not the sole reason) is an expected increase in consumables revenue from 2020 (an estimated incremental gain of more than $10 million in that year) due to the terms of the renegotiated GE agreement, whereby NAN will directly service the consumables requirements of GE's trophon customers from that time.
The latest Wilsons report, linked above, can also be accessed via the NAN website.
zeno9
NAN Price at posting:
$2.67 Sentiment: Buy Disclosure: Held
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