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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 Company (NASDAQ: FSTR).

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.

Latest Ratings for FSTR

DateFirmActionFromTo
Mar 2019Initiates Coverage OnBuy
May 2016DowngradesBuyNeutral
Sep 2015DowngradesOutperformNeutral

View More Analyst Ratings for FSTR
View the Latest Analyst Ratings

Posted-In: Brent Thielman D.A. DavidsonAnalyst Color Reiteration Analyst Ratings

 

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