DA Davidson downgraded Valmont (VMI) to Neutral from Buy with an unchanged price target of $380 following the Q4 report. The firm trimmed estimates on the 2025 guidance and says that with a strong rebound in the stock recently along with lingering uncertainty around a broader rebound in agriculture, it sees a more balanced risk/reward profile for Valmont. Davidson remains positive around the company’s long-term prospects but thinks “prevailing headwinds” in agriculture near-term could limit share price accretion.
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