DA Davidson Maintains Buy Rating for Valmont Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DA Davidson has maintained its Buy rating for Valmont Industries (NYSE:VMI) but lowered its price target from $290.00 to $275.00. Despite this adjustment, the new target suggests a potential 28.06% increase from the current share price of $214.75. Valmont Industries operates primarily in the Infrastructure and Agriculture segments, with the majority of its revenue derived from North America.
February 27, 2024 | 5:00 pm
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DA Davidson maintains Buy rating for VMI, lowering price target to $275, suggesting a 28.06% potential increase from the current price.
The maintenance of a Buy rating by DA Davidson, despite a lower price target, indicates a positive outlook on Valmont Industries' stock. The new price target still represents a significant upside from the current trading price, suggesting confidence in the company's future performance. This could lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100