WD-40 price target raised by $18 at DA Davidson, here’s why

DA Davidson raised the firm’s price target on WD-40 to $276 from $258 and keeps a Buy rating on the shares. WD-40 presented its growth algorithm at its annual meeting, including a sales CAGR of more than 10% for premiumized products and over 15% for Specialist, the analyst tells investors in a research note. The firm’s analysis suggests that a 7% CAGR is achievable, or 8% if Household Cleaners are divested.