Concrete Pumping Holdings Reports Third Quarter Fiscal Year 2024 Results

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Brundage-Bone Concrete Pumping Holding Inc (BBCP) PT Lowered to $8.50 at DA Davidson

September 5, 2024 5:18 AM EDT

DA Davidson analyst Brent Thielman lowered the price target on Brundage-Bone Concrete Pumping Holding Inc (NASDAQ: BBCP) to $8.50 (from $9.00) while maintaining a Buy rating.

The analyst comments "Deeper cuts amidst some lull in demand, increasing value appeal while FCF generation permits redeployment opportunities. F3Q earnings were further impacted by adverse weather in TX and other southeastern markets,... More