L.B. Foster price target raised to $32 from $27 at B. Riley

B. Riley analyst Liam Burke raised the firm’s price target on L.B. Foster (FSTR) to $32 from $27 and keeps a Neutral rating on the shares. L.B. Foster reported Q4 revenue of $160.4M and adjusted EBITDA of $13.7M, supported by cost controls that offset lower gross margins, the analyst tells investors in a research note.