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.
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Read More on BBCP:
- Concrete Pumping price target lowered to $6.50 from $7.50 at Baird
- Concrete Pumping reports Q3 EPS 13c, consensus 19c
- Concrete Pumping sees FY24 revenue $420M-$430M, consensus $457.51M
- Concrete Pumping Holdings (BBCP) Q3 Earnings Cheat Sheet
- Concrete Pumping Holdings Sets Third Quarter 2024 Earnings Conference Call for Wednesday, September 4, 2024
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