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Fly News Breaks for September 26, 2019
NWPX
Sep 26, 2019 | 09:10 EDT
Northland analyst Gus Richard initiated Northwest Pipe with an Outperform rating and $35 price target. The company, which is the largest supplier of large-diameter high-pressure water pipe in North America, has 55% market share in a water infrastructure market that is in need of replacement, said the analyst. He expects Northwest to opportunistically acquire companies in adjacent markets, such as wastewater treatment, Richard added.
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