DA Davidson raised the firm’s price target on WD-40 to $228 from $197 and keeps a Buy rating on the shares after meeting with its CEO and CFO. The company’s core volume is improving every month, boosting the firm’s confidence in its projections, the analyst tells investors in a research note. DA Davidson added that WD-40’s Asia Pacific sales growth should be very strong in Q3 due to the disruptive Shanghai lockdowns last year.
Published first on TheFly
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