Barclays lowered the firm’s price target on Advanced Drainage (WMS) to $172 from $194 and keeps an Overweight rating on the shares. The company’s guidance was cut as non residential, weather and input cost pressures are abound, the analyst tells investors in a research note.
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- Advanced Drainage reports Q2 adjusted EPS $1.70, consensus $1.89
- Advanced lowers FY25 revenue view to $2.900B$2.975B from $2.925B-$3.025B
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