Advanced Drainage Stock Is A Top Pick Despite End-Market Weakness: Bullish Analyst Highlights Solid Margin Profile
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Bryan F. Blair reiterates an Outperform rating on Advanced Drainage Systems (NYSE:WMS) and raises the price target to $115 from $108. The company is well-positioned to navigate end-market weakness and leverage the recovery in construction demand, with growth strategies across new geographies.
May 19, 2023 | 6:35 pm
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Advanced Drainage Systems (NYSE:WMS) receives an Outperform rating from Oppenheimer analyst Bryan F. Blair, who raises the price target to $115. The company is well-positioned to navigate end-market weakness and leverage the recovery in construction demand.
The analyst's Outperform rating and raised price target indicate a positive outlook for Advanced Drainage Systems. The company's growth strategies across new geographies and its ability to navigate end-market weakness and leverage the recovery in construction demand are expected to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100