DA Davidson Maintains Buy Rating for Valmont Industries: Here's What You Need To Know

DA Davidson has decided to maintain its Buy rating of Valmont Industries VMI and lower its price target from $290.00 to $275.00.

Shares of Valmont Industries are trading up 0.0% over the last 24 hours, at $214.75 per share.

A move to $275.00 would account for a 28.06% increase from the current share price.

About Valmont Industries

Valmont Industries Inc is an investment holding company. It operates through two segments namely Infrastructure and Agriculture. The company generates maximum revenue from Infrastructure segment. Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve medal products. Geographically, it derives a majority of its revenue from North America.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.