Taglich Brothers Has Speculative Buy On CTI Industries Corporation

Taglich Brothers has a Speculative Buy rating on shares of CTI Industries Corporation CTIB, but is lowering its price target to $6.25. In a note to clients, Taglich writes, "We are maintaining our investment rating of Speculative Buy on CTI Industries Corporation NASDAQ but lowering our 12-month price target to $6.25 from $6.80 per share due to a reduced sector valuation. Our target is based in part on the stock's recent historical P-Es and our projected earnings per share for 2012, discounted to a year-ahead value." Shares of CTIB gained 5 cents yesterday to close at $5.20, a gain of 1.05%.