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Fly News Breaks for April 17, 2017
VMI
Apr 17, 2017 | 06:10 EDT
Stifel analyst Nathan Jones upgraded Valmont to Buy and increased its price target to $167 from $160. The analyst sees multiple catalysts ahead from improved highway spending, improving mining and energy markets, better utility pricing, coatings improvement, and a bottom in irrigation markets. Following the recent pullback, Jones views valuation as an attractive entry point of investors.
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