Advanced Drainage price target raised to $135 from $130 at Barclays

Barclays raised the firm’s price target on Advanced Drainage (WMS) to $135 from $130 and keeps an Overweight rating on the shares following the earnings report. While the company faces near-term pressure with weaker end markets the cornerstone of a softer fiscal 2026 outlook, management’s “conservatism should be well-received once digested,” the analyst tells investors in a research note. The firm says Advanced’s pricing still stable while its volumes will outperform the softer market.