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Fly News Breaks for June 27, 2017
VMI
Jun 27, 2017 | 07:44 EDT
After Valmont announced that Stephen Kaniewski will be succeeding Mogens Bay as CEO, Credit Suisse analyst Julian Mitchell said the move should not come as a surprise to investors as Kaniewski's COO position was widely viewed as a stepping stone into the CEO role. Mitchell, who anticipates Kaniewski will reiterate the company's long term financial targets and expects the portfolio to remain largely intact, keeps an Underperform rating on Valmont shares.
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