Wells Fargo analyst Timna Tanners lowered the firm’s price target on AZZ Inc. (AZZ) to $121 from $128 and keeps an Overweight rating on the shares. The firm notes August-quarter results disappointed on weak non-res demand, especially in its Precoat segment. Q2 missed consensus EBITDA by 7%.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZZ: