CTD [M-PF +5.5%] - Q3 carried on strong backlog and business results - Update
  • 2016-10-21T13:08:35
  • Company Research
We retain a MARKET PERFORM rating for CTD. Although its strong backlog and high margins will continue to support earnings results, market multiples indicate the stock is fully valued amid a decline in 2017 EPS growth forecast due to an upcoming private placement.