DA Davidson Starts Valmont Industries (VMI) at Neutral
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DA Davidson initiates coverage on Valmont Industries (NYSE: VMI) with a Neutral rating and a $120 price target.
The firm calls Valmont "an attractive supplier of infrastructure-related products..." but believes that the stock will see limited upside from current levels given the more than 50% run up from mid March.
Valmont Industries, Inc. produces fabricated metal products; metal and concrete pole, and tower structures; and mechanized irrigation systems in the United States and internationally.
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