tiprankstipranks

Concrete Pumping downgraded to Neutral from Buy at UBS

UBS downgraded Concrete Pumping to Neutral from Buy with a price target of $6.25, down from $10.50, following the fiscal Q3 results. The firm sees the stock’s risk/reward as balanced now, saying weakness in the company’s core end markets looks set to extend longer than expected. The analyst also sees increasing competition restraining margins at Concrete Pumping.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue