Market Overview

UPDATE: Jefferies Lowers Price Target On Northwest Pipe Company On Process Capex Update


In a report published Monday, Jefferies analyst R. Scott Graham reiterated a Hold rating on Northwest Pipe Company (NASDAQ: NWPX), but lowered the price target from $31.00 to $27.00.

In the report, Jefferies noted, “Oil & Gas is the largest market served by our manufacturing companies. We track >$600B of capital spending of global O&G companies in our quarterly Process Capex report. Based on company capex budgets and inputs from Jefferies Energy Teams, we estimated 2015 O&G capex would be -8% in our Process Capex report (12/19/14). With additional budgets announced since then, we now expect spending to be -12%. We are lowering estimates on ATU, FLS, NES, NWPX and THR.”

Northwest Pipe Company closed on Friday at $26.56.

Latest Ratings for NWPX

Nov 2019MaintainsBuy
Sep 2019Initiates Coverage OnOutperform
Feb 2016MaintainsHold

View More Analyst Ratings for NWPX
View the Latest Analyst Ratings

Posted-In: Jefferies R. Scott GrahamAnalyst Color Price Target Analyst Ratings


Related Articles (NWPX)

View Comments and Join the Discussion!

Latest Ratings

VIACJP MorganReinstates50.0
NUVASVB LeerinkMaintains92.0
SRPTCantor FitzgeraldMaintains211.0
LULUGoldman SachsMaintains219.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Jefferies Lowers Price Target On Actuant On Process Capex Update

UPDATE: Jefferies Lowers Price Target On Thermon Group On Process Capex Update