KeyBanc raised the firm’s price target on Advanced Drainage (WMS) to $170 from $159 and keeps an Overweight rating on the shares following quarterly results. Into the print, the firm thinks there was some consternation around a choppy end market backdrop and potential price/cost noise. KeyBanc believes the print alleviated much of those worries and, all in, it remains confident in its long-term thesis.
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Read More on WMS:
- Advanced Drainage price target raised to $176 from $160 at Barclays
- Advanced Drainage Systems Reports Strong Q2 Fiscal 2026 Results
- Advanced Drainage Systems Reports Strong Q2 2026 Results
- Advanced Drainage reports Q2 adjusted EPS $1.97, consensus $1.64
- Advanced Drainage raises FY26 revenue view to $2.9B-$2.99B from $2.825B-$2.975B