Arcosa price target raised to $90 from $85 at DA Davidson

DA Davidson raised the firm’s price target on Arcosa to $90 from $85 and keeps a Buy rating on the shares after its Q2 earnings beat. Several sectors are driving strength in results and visibility for Arcosa, including civil infrastructure spending, utility investment in electrical grid and wind generation, the analyst tells investors in a research note. Arcosa’s organic and inorganic growth opportunities are vast, the firm added.