NetworkNewsBreaks – SeeThruEquity Initiates Coverage on Cemtrex, Inc. (NASDAQ: CETX)
SeeThruEquity has initiated coverage and issued a price target of $6.45 on shares of Cemtrex, Inc.’s (NASDAQ: CETX) stock. Among other highlights, the analyst noted the company’s history of healthy growth through large accretive acquisitions undertaken by management. The company’s operations are split into two market segments: Electronics Manufacturing Services (EMS) and Industrial Products and Services (IPS). The company’s core EMS enables Cemtrex to offer a full end-to-end solution for original equipment manufacturer (OEM) partners to develop and introduce new products. The analyst believes Cemtrex has been overlooked on Wall Street and extremely undervalued in the industrial manufacturing and EMS…