Advanced Drainage Systems (WMS) PT Lowered to $180 at KeyBanc

KeyBanc analyst Jeffrey Hammond lowered the price target on Advanced Drainage Systems (NYSE: WMS) to $180.00 (from $195.00) while maintaining a Overweight rating.

The analyst commented, "Following WMS’s F2Q25 earnings, we maintain our OW rating and lower our PT to $180 (from $195). In short, given Non-Res'l choppiness was well- telegraphed, we get the sense investors took issue with the degree of margin headwinds from pricing. That said, we believe this is mostly due to higher input costs, rather than a deterioration of top-line pricing. Looking out, while lowering our PT on the choppier end-market/margin trends, we feel the dip in shares provides a buying opportunity into a compelling story supported by material conversion tailwinds with plenty of levers for LT margin enhancement."

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