AZZ Inc. downgraded to Neutral at Sidoti following appreciation

As previously reported, Sidoti analyst John Franzreb downgraded AZZ Inc. (AZZ) to Neutral from Buy with an unchanged price target of $101, telling investors that recent capital appreciation has “captured much of the favorable outlook.” The firm’s unchanged target is based on the firm’s FY26 EPS estimate of $6.30, notes the analyst, who thinks the “new AZZ” will benefit longer term from secular trends that include spending on infrastructure and renewables, reshoring of manufacturing and conversion to aluminum from plastics.