Concrete Pumping price target raised to $8.50 from $8 at DA Davidson

DA Davidson raised the firm’s price target on Concrete Pumping (BBCP) to $8.50 from $8 and keeps a Buy rating on the shares. The company’s Q3 results reflect market pressure, though this was largely aligned with expectations and with moderation seen in overall y/y top-line declines, the analyst tells investors in a research note. DA Davidson adds that it is still positive on the medium to long-term opportunity in the stock from here, particularly in an eventual demand recovery scenario.