D.A. Davidson Reacts to Disappointing Q3 Earnings for L.B. Foster Company

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In a report published Wednesday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating and $60.00 price target on
L.B. Foster CompanyFSTR
. In the report, D.A. Davidson noted, “L.B. Foster reported Q3 earnings of $0.88 compared to $0.95 last year. Earnings were below our estimate and consensus of $0.99 and $1.02, respectively. Revenue of $167.8 million (+3.4%) was well below our estimate ($181.0 million).” L.B. Foster Company closed on Tuesday at $52.68.
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Posted In: Analyst ColorReiterationAnalyst RatingsBrent ThielmanD.A. Davidson
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