AZZ Inc. (AZZ) PT Lowered to $56 at Stifel Following 1Q18 Miss; 'Weakness in Energy Offsets Improvements in Galvanizing, Mgmt Guiding to a Stronger 2H'
Stifel lowered its price target on AZZ Inc. (NYSE: AZZ) to $56.00 (from $58.00) while maintaining a Hold rating, following the company's 2018 first quarter earnings announcement.
Analyst Noelle Dilts notes the company delivered 2018 first quarter earnings per share, EBIT and revenue results below consensus projections driven by weakness in energy, reflecting lower volumes and continued softness in oil and gas.