Wedbush initiated coverage on Valmont Industries 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in