AZZ Inc. price target raised to $144 from $138 at Wells Fargo
Wells Fargo analyst Timna Tanners raised the firm's price target on AZZ Inc. to $144 from $138 and keeps an Equal Weight rating on the shares. The firm notes strong galvanizing demand and its new MO facility drove a small May-quarter beat and guidance raise already reflected in consensus. Management was focused on M&A and appeared eager to resume buybacks. Wells stays on the sidelines given full valuation and rising mill competition.
Wells Fargo analyst Timna Tanners raised the firm's price target on AZZ Inc. to $144 from $138 and keeps an Equal Weight rating on the shares.
The firm notes strong galvanizing demand and its new MO facility drove a small May-quarter beat and guidance raise already reflected in consensus.
Management was focused on M&A and appeared eager to resume buybacks.
Wells stays on the sidelines given full valuation and rising mill competition.