Arcosa price target raised to $80 from $74 at DA Davidson

DA Davidson raised the firm’s price target on Arcosa to $80 from $74 and keeps a Buy rating on the shares after its Q4 earnings beat and outlook. The company’s guidance was good, the signs of order recovery in ailing business lines were "better", and its balance sheet has been reloaded post-Storage sale, the analyst tells investors in a research note. The firm adds that sustained improvement in wind/barge and aggregates strength should lend more catalysts for Arcosa shares.