Stifel Reiterates Buy Rating on Valmont Industries (VMI)

Stifel analyst Nathan Jones reiterated a Buy rating and $400.00 price target on Valmont Industries (NYSE: VMI).

The analyst commented, "We maintain our Buy rating and $400 target price on VMI shares. We were fortunate to host CFO Tom Liguori and Treasurer and SVP IR Renee Campbell for investor meetings in Chicago yesterday and come away with increased confidence in the long term growth trajectory and margin expansion opportunities for the company. Growth is driven primarily in the utility business with any cyclical recovery in North America irrigation as upside, with Valmont in control of its own destiny on margins with productivity and volume leverage driving expansion."

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 $363.84 yesterday.

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