Valmont price target raised to $340 from $300 at DA Davidson

DA Davidson raised the firm’s price target on Valmont to $340 from $300 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s margin-driven upside to forecasts was supported, in part, by the successful internal realignment and cost initiatives, the analyst tells investors in a research note. The firm remains positive on Valmont’s medium-to-longer term, adding that Valmont is also proving to successfully navigate some evident market headwinds over the near term.