Advanced Drainage price target lowered to $170 from $180 at Loop Capital
Loop Capital analyst Garik Shmois lowered the firm’s price target on Advanced Drainage (WMS) to $170 from $180 but keeps a Buy rating on the shares. The company’s Q2 earnings miss and guidance cut were a surprise given that the quarter was trending more in line despite the choppy non-residential backdrop, but while sales missed on storm impacts and negative price/cost, the quarter’s main positives were on strong infrastructure and residential sales, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WMS:
- Advanced Drainage price target lowered to $184 from $192 at Oppenheimer
- Advanced Drainage price target lowered to $180 from $195 at KeyBanc
- Advanced Drainage price target lowered to $161 from $174 at Baird
- 3 Best Stocks to Buy Now, 11/11/2024, According to Top Analysts
- Advanced Drainage price target lowered to $172 from $194 at Barclays
TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions.