Astec Industries

Piper Jaffray is out with its report today on Astec Industries (NASDAQ: ASTE), raising its PT from $44 to $46. In a note to clients, Piper Jaffray writes, "After waiting nearly 20 months to act, the U.S. Congress, led by the Senate has begun to discuss a new $300+B, 6yr highway construction bill....

Piper Jaffray has raised the price target on Astec Industries (NASDAQ: ASTE) from $44 to $46 and maintains its Overweight rating.

Piper Jaffray is out with its report today on Astec Industries (NASDAQ: ASTE), reiterating Overweight. In a note to clients, Piper Jaffray writes, "1Q11 results offered a glimpse of the upcoming equipment cycle as revenue was up 19% y/y and backlog grew 80%+ y/y and 13% sequentially. We now...

According to Piper Jaffray, Astec Industries' surging backlog has set the stage for continued CY11 upside in shares (NASDAQ: ASTE). Piper Jaffray said that Astec had reported an impressive surge in both Asphalt & Aggregate / Mining Group backlogs to levels not seen since 2H08. “Backlog was...

Piper Jaffray is upgrading Astec Industries, Inc. (NASDAQ: ASTE) to Overweight “as we believe several key catalysts have come together recently which we see leading to outperformance over the next 12 months, moving the stock toward our new $43 price target.” “We see the combination of the new tax...

Piper Jaffray has upgraded Astec Industries (NASDAQ: ASTE) from Neutral to Overweight and has raised the price target from $33 to $43.

S&P downgraded road construction equipment maker Astec Industries (NASDAQ: ASTE) from a buy to hold in the Mar.17, issue of the Outlook, on price appreciation. S&P thinks that Congress is unlikely to pass a new federal highway spending program until after the mid-term elections. They note...

Shares of road construction equipment maker Astec Industries, Inc. (Nasdaq: ASTE) took a dive after the company failed to meet Wall Street expectations and posted a loss. Astec Industries reported a 4th court loss of $15.5 million, or 69 cents per share, compared with last year's net income of $8...