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.
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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