Valmont added to ‘Best-of-Breed Bison’ list at DA Davidson

DA Davidson added Valmont to the firm’s “Best-of-Breed Bison” list while keeping a Buy rating on the shares with a $300 price target. The “Best-of-Breed Bison list attempts to identify the highest quality companies with strong competitive positioning and exceptional financials,” and Valmont meets 8 of the 12 sub-criteria needed to qualify, the analyst tells investors in a research note. While the company is not absolutely perfect with selective pursuits outside of its core focus areas having “occasionally tripped”, its leadership positions within core competencies have been retained and its long-term average returns have held relatively consistent, the analyst tells investors in a research note. Valmont’s execution and delivery within Infrastructure can support higher values for these shares over the near term, the firm added.