Barclays lowered the firm’s price target on Advanced Drainage (WMS) to $172 from $194 and keeps an Overweight rating on the shares. The company’s guidance was cut as non residential, weather and input cost pressures are abound, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMS:
- Advanced Drainage Systems Reports Stable Q2 Results
- Morning Movers: Expedia, Airbnb moving in opposite directions after results
- Advanced Drainage Systems Reports Stability and Strategic Acquisition
- Advanced Drainage reports Q2 adjusted EPS $1.70, consensus $1.89
- Advanced lowers FY25 revenue view to $2.900B$2.975B from $2.925B-$3.025B