UPDATE: Morgan Stanley Upgrades Advanced Drainage Systems (WMS) to Equalweight

February 11, 2021 3:25 AM EST
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Price: $112.39 +0.55%

Rating Summary:
    6 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 24 | New: 32
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(Updated - February 11, 2021 6:54 AM EST)

Morgan Stanley analyst Joshua Pokrzywinski upgraded Advanced Drainage Systems (NYSE: WMS) from Underweight to Equalweight with a price target of $102.00 (from $53.00).

The analyst comments "Our mid-2020 Underweight thesis was predicated on a return to historical margins and valuation as non-residential markets deteriorated with COVID and unsustainably low input costs rose. Performance, from secular trends and execution, has persisted even as those elements played out. Upgrading to EW."

For an analyst ratings summary and ratings history on Advanced Drainage Systems click here. For more ratings news on Advanced Drainage Systems click here.

Shares of Advanced Drainage Systems closed at $97.04 yesterday.

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