Altra Holdings (NASDAQ:AIMC) Led by Industrial MRO Demand

The current momentum being enjoyed by Altra Holdings (NASDAQ:AIMC) should propel them strongly into 2011, as confidence is they should continue to grow at the current levels.

Later cycle markets and better visibility in industrial capital spending will also offer support to Altra.

Consequently, their EPS estimates for full year 2010 and 2011 were raised to $1.01 and $1.25 from $1.00 and $1.20 by KeyBanc. KeyBanc has also initiated an EPS estimate for full year 2012 of $1.45.

KeyBanc reiterates their "Buy" rating on Altra Holdings, which closed Tuesday at $20.69, up $0.59, or 2.94 percent. They raised their price target from $19 to $23 on them.