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Posted by
Two Blokes Jun 11 -
Filed in
Stock
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6 views
I am upgrading Powell Industries to a 'buy' with a $233 price target, reflecting 26% upside potential from current levels. Electric Utility and Commercial market segments are driving revenue growth, offsetting declines from Oil & Gas and Petrochemical markets due to completion of large projects that were booked in FY23. Capacity expansion, product innovation, and strong operational discipline are positioning Powell for future order and backlog growth.
