Arcosa initiated with a Buy at Texas Capital

Texas Capital analyst Alex Rygiel initiated coverage of Arcosa (ACA) with a Buy rating and $125 price target Arcosa is a diversified industrials company that provides infrastructure products and services, the analyst tells investors in a research note. The firm believes Arcosa is well positioned for “solid” revenue growth and expand profit margins given its exposure to “secular megatrends” supported by public, commercial and industrial infrastructure spending and growing electricity demand.