DA Davidson analyst Brent Thielman raised the firm’s price target on Northwest Pipe to $40 from $37 and keeps a Buy rating on the shares after its Q4 earnings beat. Signs of demand improvement, strong cash generation, prudent balance sheet management, and future M&A opportunities all point to an attractive story, the analyst tells investors in a research note.
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Read More on NWPX:
- Northwest Pipe Company Announces Fourth Quarter and Full Year 2023 Financial Results
- Northwest Pipe reports Q4 EPS 54c, consensus 42c
- NWPX Earnings this Week: How Will it Perform?
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