Northland downgraded Northwest Pipe (NWPX) to Market Perform from Outperform with an unchanged price target of $50. Northwest posted “excellent” Q3 results and the firm has increased forward estimates on the strength of the quarter and the SPP and precast outlook, but now sees the company’s shares as close to fully valued.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWPX: