Oppenheimer raised the firm’s price target on Advanced Drainage to $172 from $145 and keeps a Perform rating on the shares. Advanced Drainage’s Q3 adjusted EBITDA was well ahead of consensus estimates, with the beat driven by outgrowth in high-margin Infiltrator and Allied Products operations, 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 Systems Declares $0.14 Cash Dividend
- Advanced Drainage Systems to Discuss Q3 Results on Webcast
- Advanced Drainage declares quarterly dividend of 14c per share
- Advanced Drainage raises FY24 revenue view to $2.8B-$2.85B from $2.7B-$2.8B
- Advanced Drainage reports Q3 adjusted EPS $1.37, consensus $1.02
