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Advanced Drainage price target raised to $176 from $160 at Barclays

Barclays raised the firm’s price target on Advanced Drainage (WMS) to $176 from $160 and keeps an Overweight rating on the shares. The company’s fiscal Q2 report “hits the mark” on end market outperformance and price-cost, significantly outperforming its building products peers, the analyst tells investors in a research note.

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