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Fly News Breaks for April 25, 2019
VMI
Apr 25, 2019 | 06:03 EDT
Stifel analyst Nathan Jones upgraded Valmont Industries to Buy from Hold and raised his price target for the shares to $153 from $135. The headwinds the business has experienced over the last two years have abated, as steel inflation has subsided, cash conversion issues in 2018 won't repeat, Q1 weather issues are behind us, and the irrigation outlook has been derisked, Jones tells investors in a research note. The analyst thinks the stock offers a good risk/reward proposition "at a very reasonable price."
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