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Fly News Breaks for December 8, 2016
AZZ
Dec 8, 2016 | 06:28 EDT
Stifel analyst Noelle Dilts downgraded AZZ to Sell and lowered its price target to $57 from $63. Dilts believes shares are extended ahead of Q3 results that could miss investor expectations. She expects a continuation of Q2 volume challenges resulting in multiple compression back to per-election levels and said any infrastructure benefit will not impact the market until 2018.
News For AZZ From the Last 2 Days
AZZ
Apr 24, 2024 | 16:35 EDT
AZZ Inc. announced that it is offering 4M shares of its common stock in an underwritten public offering. Evercore ISI and Jefferies are acting as joint lead book-running managers. Baird, Wells Fargo Securities and Wolfe Nomura Alliance are acting as additional book-running managers. Roth Capital Partners is acting as co-manager for the offering. AZZ intends to use the net proceeds for the redemption of all of the company's 6.0% Series A Convertible Preferred Stock.
