Williams Industrial Services Group (NYSE American: WLMS) was featured in a company-sponsored initiation report published by Sidoti & Company, LLC. The headline of the report reads, “Initiate Coverage of Williams Industrial Services Group Inc. (WLMS) With A $7 Price Target And A Moderately Risky Rating Williams Industrial Services Group Inc. (WLMS) is in the middle-to-late innings of a turnaround, in our view. Today, Williams is a streamlined engineering and construction (E&C) contractor. We think there is further opportunity to improve financials through a future debt refinancing. We expect robust EPS growth through 2023, driven by SG&A leverage and lower interest expense. WLMS’s financials are solid. We initiate coverage of WLMS shares with a $7 price target and a Moderately Risky rating.”
About Williams Industrial Services Group
Williams Industrial Services Group has been safely helping plant owners and operators enhance asset value for more than 50 years. The company is a leading provider of infrastructure related services to blue-chip customers in energy and industrial end markets, including a broad range of construction maintenance, modification, and support services. Williams’ mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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