Flyht Aerospace Solutions Ltd (FLYLF)

[Envirosciguy]

Naser Iqbal, analyst with Salman Partners, said on Monday he was initiating coverage of Flyht, bringing the total number of analysts covering the stock to three.

“The addressable market and opportunity for Flyht is tremendous,” Mr. Iqbal said. “The company has a small market penetration in each of the aircraft market segments that it serves, ranging in market share (based on our analysis) from 0.5% to 2.4%. Thus, we believe that Flyht is underpenetrated and there exists a significant potential for further sales growth of the company’s products.”

The three analysts who cover the company rate the stock as a buy, but they range from Mr. Iqbal’s speculative buy to a strong buy by Dev Bhangui of Byron Capital Markets in Toronto. Mr. Iqbal currently has a 12-month price target on the company of 85¢ a share.

http://business.financialpost.com/2014/03/11/mh370-malaysia-news-flyht-aerospace/