DMC Global price target lowered to $27 from $28 at Stifel

Stifel analyst Stephen Gengaro lowered the firm’s price target on DMC Global to $27 from $28 and keeps a Buy rating on the shares. The company’s Q4 results and Q1 guidance were “lackluster,” which was due to pricing pressures in its DynaEnergetics and Arcadia businesses, the analyst tells investors. Cost optimization initiatives at DynaEnergetics and improved volumes at Arcadia should support margin expansion through the end of the year, the firm adds. Stifel believes the key to the stock will be the completion of the strategic review, which will likely separate its DynaEnergetics and NobelClad businesses from the company.