Barclays raised the firm’s price target on Advanced Drainage to $156 from $151 and keeps an Overweight rating on the shares. The analyst remains constructive on homebuilders and is now incrementally positive on building products, leading the firm to raise its industry view to Positive. The sector upgrade reflects ab upbeat view across both subsectors, 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 today’s best-performing stocks on TipRanks >>
Read More on WMS:
- Advanced Drainage price target raised by $3 at Deutsche Bank, here’s why
- Advanced Drainage price target lowered to $144 from $155 at Baird
- Advanced Drainage price target raised to $151 from $150 at Barclays
- Advanced Drainage sees FY24 revenue $2.7B-$2.8B, consensus $2.99B
- Advanced Drainage reports Q2 adjusted EPS $1.71, consensus $1.64
