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UPDATE: Stifel Nicolaus Raises PT to $175 on Valmont Industries on Quarterly Beat

Related VMI
Valmont Tops on Q1 Earnings, Lags on Sales - Analyst Blog
Earnings Scheduled For April 22, 2014

Stifel Nicolaus maintained Valmont Industries (NYSE: VMI) with a Buy rating and raised the price target from $161.00 to $175.00.

Stifel Nicolaus said, "Valmont continued its excellent recent record delivering another quarterly beat and issuing EPS guidance high single digits above expectations (stock appreciated 5.6% on the day, maybe a little less than warranted). Valmont's USS business remains extremely strong and we forecast mid teens or better revenue growth in each of the next 2 years."

Valmont Industries closed at $157.63 on Wednesday.

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

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