Advanced Drainage price target raised to $180 from $175 at Oppenheimer

Oppenheimer raised the firm’s price target on Advanced Drainage (WMS) to $180 from $175 and keeps an Outperform rating on the shares. Although mindful of second half of the year seasonality and inclement Q3 weather, the firm believes Advanced Drainage remains well positioned to achieve FY26 guidance ranges and accelerate top- and bottom-line growth into FY27.