RBC Capital initiated coverage of Advanced Drainage (WMS) with an Outperform rating and $159 price target The firm views the company as “highly profitable” storm-water management leader. Storm-water management is a growing and underappreciated secular growth story in water infrastructure and Advanced Drainage is one of the few pure-plays addressing it at scale with a differentiated model, the analyst tells investors in a research note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMS:
- Advanced Drainage price target raised to $166 from $141 at Baird
- Advanced Drainage price target raised to $165 from $160 at Oppenheimer
- Advanced Drainage price target raised to $167 from $146 at UBS
- Advanced Drainage price target raised to $159 from $140 at KeyBanc
- Advanced Drainage price target raised to $160 from $135 at Barclays