Market Overview

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

Share:
Related VMI
Benzinga's Top Upgrades, Downgrades For December 11, 2017
Earnings Scheduled For October 18, 2017

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.

Latest Ratings for VMI

DateFirmActionFromTo
Dec 2017Stifel NicolausDowngradesBuyHold
Aug 2017Boenning & ScattergoodUpgradesNeutralOutperform
Apr 2017Stifel NicolausUpgradesHoldBuy

View More Analyst Ratings for VMI
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (VMI)

View Comments and Join the Discussion!