UPDATE: Albany International Initiated with Buy at Stifel Nicolaus on Sole Source Supplier Position

In a report published by Stifel Nicolaus, analyst Stephen E. Levenson initiated coverage on Albany International (NYSE: AIN ) with a Buy rating and $38.00 price target. In the report, Stifel Nicolaus wrote, "We think the best of times is coming for the Albany Engineered Composites (AEC) segment, primarily because