Worthington price target raised to $64 from $56 at Canaccord

Canaccord raised the firm’s price target on Worthington to $64 from $56 and keeps a Hold rating on the shares. The firm noted they reported relatively strong Q3 2024 results, marking its first “clean” reporting quarter without the now separated steel business and said Aathough sales missed the Street, profitability metrics beat across the board. Canaccord said they could become more constructive as Worthington builds its track record as a standalone company.