B. Riley took over coverage of L.B. Foster (FSTR) and kept a Neutral rating on the shares with a $25 price target Riley expects “several underlying drivers” to create positive momentum in the diversified industrial sector, namely “rapidly increasing” demand for high-powered artificial intelligence data centers, funding from federal and state infrastructure programs reaching the construction stage, and the ongoing energy transition from traditional fossil fuels to renewables. The firm’s top picks are NPK International (NPKI) and Alta Equipment (ALTG).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSTR:
- L.B. Foster Reports 2024 Growth and New Stock Buyback
- L.B. Foster’s Earnings Call: Profitability Up, Challenges Ahead
- Morning Movers: Target, Best Buy slipping after earnings as tariffs take effect
- L.B. Foster board authorizes 3-year $40 million stock repurchase program
- L.B. Foster sees FY25 revenue $540M – $580M