Market Overview

UPDATE: Wedbush Initiates Valmont Industries at Neutral on Limited Upside

Share:
Related VMI
Barron's Recap: Is Now The Time To Sit On Cash?
Earnings Scheduled For February 17, 2015

Wedbush initiated coverage on Valmont Industries (NYSE: VMI) with a Neutral rating and a $160.00 price target.

Wedbush said, "We believe Valmont offers an attractive way for investors to participate in the strong environment for irrigation and the healthy long-term outlook for infrastructure investment in power transmission, distribution, and transportation. However, given the appreciation in share price over the last 12 months (46.8% vs. 17.2% for the S&P Midcap) and, in our view, the modest potential upside, we would suggest investors look for weakness as a buying opportunity."

Valmont Industries closed at $143.07 on Tuesday.

Latest Ratings for VMI

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

View More Analyst Ratings for VMI
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (VMI)

Around the Web, We're Loving...