Friday, January 14, 2011

Tetra Tech (NASDAQ:TTEK) Has Room to Move Up Says Brean Murray Carret

After recently meeting with Tetra Tech's (NASDAQ:TTEK) CEO CEO, Dan Batrack, and the IR representative Jorge Casado, Brean Murray Carret & Co. said they came away even more bullish on the company than they had been.

They stated that, "despite the recent rise in the share price, we believe favorable tailwinds across much of the business model will lead to higher earnings revisions in coming quarters, and with it a higher share price."

Brean Murray Carret & Co. reiterates their "Buy" rating on Tetra Tech (TTEK), which closed Thursday at $24.75, gaining $0.10, or 0.41. Brean Murray Carret & Co. boosted their price target on Tetra Tech from $30 to $34.

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