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Perma-Pipe Int'l (PPHI) PT Lowered to $32 at Freedom Broker

Wed, 10 Jun 2026 12:37:15 -0400

Freedom Broker analyst Sergey Glinyanov lowered the price target on Perma-Pipe Int'l (OTC: PPHI) to $32.00 (from $39.00) while maintaining a Buy rating.

The analyst comments "Perma-Pipe International Holdings’ results reflect moderate revenue growth amid a notable decline in profitability. Revenue increased on higher volumes, while gross margin contracted due to a less favorable project, product, and regional mix, seasonality in Canada, and costs related to capacity expansion in Ohio and Qatar. Backlog growth confirms sustained demand, but project delays in the

Perma-Pipe Int'l (PPHI) PT Lowered to $32 at Freedom Broker

Wed, 10 Jun 2026 12:37:15 -0400

Freedom Broker analyst Sergey Glinyanov lowered the price target on Perma-Pipe Int'l (OTC: PPHI) to $32.00 (from $39.00) while maintaining a Buy rating.