DA Davidson analyst Brent Thielman lowered his price target on Valmont to $170 after its below-consensus Q2 pre-announcement but kept his Buy rating, saying the headwinds may be "shorter-term in nature". The analyst states that the electrical transmission project proposal/award activity, including wind development, is robust in the U.S., while the highway infrastructure bid activity is also on the rise across many state transportation departments. Thielman also believes that Valmont's irrigation equipment growth prospects still present the company with an opportunity.