Boenning & Scattergood analyst Ryan Connors downgraded Valmont (NYSE: VMI) to Hold on July 13. The company’s shares closed on Friday at $139.90, close to its 52-week low of $136.55.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 10.7% and a 70.4% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
Valmont has an analyst consensus of Hold, with a price target consensus of $142.
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The company has a one-year high of $176.35 and a one-year low of $136.55. Currently, Valmont has an average volume of 104.7K.
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Valmont Industries, Inc. engages in the manufacturing of engineered metal structures and components. It operates through the following segments: Engineered Support Structures, Utility Support Structures, Coatings and Irrigation.
