Arcosa price target raised to $125 from $120 at DA Davidson

DA Davidson raised the firm’s price target on Arcosa (ACA) to $125 from $120 and keeps a Buy rating on the shares after its Q4 results. The company’s barge divestiture will lend additional liquidity to redeploy and ultimately reduce complexity in the stock’s investment story, the analyst tells investors in a research note. Wind remains a bit of a debate, with timing of contributions shifting, but utility structures should continue to lend valuable contributions in the coming years, the firm added.