Market Overview

UPDATE: Stifel Nicolaus Raises PT to $156 on Valmont Industries on Strong Quarter

Related VMI
Earnings Scheduled For October 19, 2016
Earnings Scheduled For July 20, 2016
Valmont Industries: Q3 Shows Some Green Shoots For 2017 (Seeking Alpha)

Stifel Nicolaus reiterated its Buy rating on Valmont Industries (NYSE: VMI) and raised its price target from $150 to $156.

Stifel Nicolaus said, "We are maintaining our current 2012 estimates and reducing our 2013 forecast slightly. In the previous 2-3 months we believe Valmont's irrigation markets have firmed (as detailed in our Dealer survey) while the coatings market in Australia is softening (as evidenced by recent rate cuts and mining industry commentary). Net, we believe these changes will roughly offset leading to a minor reduction in our 2013 estimates."

Valmont Industries closed at $129.82 on Friday.

Latest Ratings for VMI

Oct 2014DA DavidsonMaintainsBuy
Oct 2014Credit SuisseMaintainsUnderperform
Sep 2014Sterne AgeeDowngradesBuyNeutral

View More Analyst Ratings for VMI
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (VMI)

View Comments and Join the Discussion!