Truist analyst Michael Ciarmoli lowered the firm’s price target on Albany International (AIN) to $70 from $80 and keeps a Buy rating on the shares after its Q1 results. Revenues came up short of consensus expectations, and while the guidance for the year was maintained, it would appear that the Machine Clothing segment is seeing growth headwinds that could make positive organic growth in 2025 a challenge, the analyst tells investors in a research note.
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Read More on AIN:
- Albany International price target lowered to $79 from $92 at Baird
- Albany International Corp. Reports Q1 2025 Earnings Decline
- Albany International’s Financial Underperformance and Demand Challenges Justify Sell Rating
- Albany International reports Q1 adjusted EPS 73c, consensus 62c
- Albany International backs FY25 EPS $3.00-$3.40, consensus $3.21