DA Davidson Maintains Buy on Valmont Industries, Lowers Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Brent Thielman has maintained a Buy rating on Valmont Industries (NYSE:VMI) but lowered the price target from $290 to $275.

February 27, 2024 | 4:38 pm
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NEUTRAL IMPACT
Valmont Industries' Buy rating is maintained by DA Davidson, though the price target is reduced from $290 to $275.
The maintenance of a Buy rating suggests a positive outlook on Valmont Industries by DA Davidson, indicating confidence in the company's fundamentals. However, the reduction in the price target could reflect adjustments in valuation metrics or market conditions, potentially leading to short-term price volatility. The overall impact is neutral as the positive sentiment of the Buy rating may balance out the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100