RBC Capital analyst Jeffrey Reive raised the firm’s price target on Advanced Drainage (WMS) to $168 from $158 and keeps an Outperform rating on the shares. The company reported an impressive FY26, delivering 17% Y/Y adjusted EBITDA growth with broad-based upside across its segments and continued positive price/cost contributions, the analyst tells investors in a research note. Despite concerns of further declines in its residential-exposed businesses, the management also reiterated its end-market outlook first issued in July-2025, highlighting confidence in its positioning, the firm added.
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