KeyBanc analyst Jeff Hammond raised the firm’s price target on Advanced Drainage to $185 from $160 and keeps an Overweight rating on the shares. The firm walked away from Advanced Drainage’s Q3 earnings report impressed by the degree of sustained margin growth as end markets improved more meaningfully, the analyst tells investors in a research note.
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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
