Northwest Pipe price target lowered to $50 from $55 at Northland

Northland lowered the firm’s price target on Northwest Pipe (NWPX) to $50 from $55 and keeps a Market Perform rating on the shares after the company posted “mixed” Q1 results last week. While the firm sees the issues with Q1 as non-recurring, it continues to view shares as close to fairly valued, the analyst tells investors.