KeyBanc analyst Jeff Hammond raised the firm’s price target on Advanced Drainage (WMS) to $159 from $140 and keeps an Overweight rating on the shares. Following the company’s Q1 2026 earnings, the firm walked away encouraged by the continued pricing stability and impressed by its strong execution on both the top and margin lines despite the choppy demand backdrop. Looking out, KeyBanc walked away with incremental conviction in its long-term thesis as it remains confident in Advanced Drainage’s pricing power and sees shares re-rating higher as investors appreciated attractive material conversion opportunities.
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Read More on WMS:
- Advanced Drainage price target raised to $160 from $135 at Barclays
- Advanced Drainage Systems Reports Q1 Fiscal 2026 Results
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- Advanced Drainage Systems Reports Q1 2026 Financial Results
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