Wedbush Starts Valmont Industries (VMI) at Neutral

January 15, 2013 5:18 PM EST
Get Alerts VMI Hot Sheet
Price: $140.40 -0.07%

Rating Summary:
    3 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Wedbush initiates coverage on Valmont Industries (NYSE: VMI) with a Neutral. PT $143.00.

The firm said said the stock is an attractive way for investors to participate in the strong environment for irrigation and healthy long-term outlook for infrastructure investment. That said, with shares up nearly 47% over the last 12 months, upside is modest. They suggest investors look for weakness to buy the stock.

For an analyst ratings summary and ratings history on Valmont Industries click here. For more ratings news on Valmont Industries click here.

Shares of Valmont Industries closed at $142.63 yesterday.

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