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Smith Barney ups Mechanical Tech. to "buy"

Publication Date:26-April-2005
09:50 AM US Eastern Timezone
Source:Reuters

NEW YORK - Smith Barney raised its stock rating on Mechanical Technology Inc. (MKTY.O) on Tuesday to "buy" from "hold," citing catalysts and valuation as its main reasons for the upgrade.

Smith Barney said the company's Mobion fuel cell has been introduced into industrial use and a new military and a consumer electronics development partner are expected to be announced.


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