MSA Safety price target raised to $235 from $186 at DA Davidson

DA Davidson raised the firm’s price target on MSA Safety (MSA) to $235 from $186 and keeps a Buy rating on the shares after its Q4 earnings beat last week. The organic-growth outlook has returned to mid-single-digits as NFPA – National Fire Protection Association – issues fade and Fire business can grow again, the analyst tells investors in a research note. The firm continues to view the company as a “high-quality compounder with a wide moat and increasing recurring revenue”.