UPDATE: D.A. Davidson Initiates Coverage on Albany International Corp. on Strong Cashflow, Growth Opportunities

In a report published Tuesday, D.A. Davidson analyst JB Groh initiated coverage on Albany International Corp. (NYSE: AIN ) with a Buy rating and $43.00 price target. In the report, D.A. Davidson noted, “Our target is based on a sum-of-the-parts type valuation. We are valuing Albany's Machine Clothing (MC) business