Zacks Initiates Coverage of Eastern With Neutral Recommendation

Zacks Investment Research has recently initiated coverage of The Eastern Company (EML) with a Neutral recommendation. The comprehensive report delves into the company's robust backlog growth, operational efficiencies, strong financial health and potential challenges, offering an insightful analysis for investors. Eastern has demonstrated significant backlog growth, with a 35% increase from $72 million as of Apr 1, 2023, to $97.4 million as of Mar 30, 2024. This growth indicates a solid demand for Eastern's ...