Valmont price target lowered to $275 from $290 at DA Davidson

DA Davidson lowered the firm’s price target on Valmont to $275 from $290 and keeps a Buy rating on the shares. The company’s 2024 guidance suggests a “more severe” outlook for Agriculture in 2024 than modeled, though the firm continues to see value in the stock at current levels and attractive markets of exposure, notwithstanding some slack in the Agriculture segment, the analyst tells investors in a research note.