Noble Capital analyst Michael Heim downgraded AZZ Inc. to Market Perform from Outperform with an unchanged price target of $75. The analyst cites valuation for the downgrade with the shares above the price target. At current prices, the shares trade at 16-times Noble’s recently raised fiscal 2025 earnings estimate, a multiple similar to its peers, the analyst tells investors in a research note.
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Read More on AZZ:
- Azz Inc. Unveils Strategic Direction and Sustainability Focus
- AZZ Inc. Shares Stakeholder Presentation Materials
- AZZ Inc. sees FY25 EPS $4.25-$4.75, consensus $4.73
- AZZ Inc. reaffirms FY24 adjusted EPS $4.15-$4.35, consensus $4.29
- AZZ Inc. Issues Fiscal Year 2025 Guidance and Reaffirms Previously Issued Fiscal Year 2024 Guidance
