UBS analyst John Lovallo upgraded Advanced Drainage (WMS) to Buy from Neutral with a $155 price target The firm is modeling Advanced Drainage returning to high single digit year over year revenue growth in fiscal 2026 and 2027 and believes the company will maintain most of its post-Covid pricing and margin improvement, which, along with its current EBITDA multiple, create an attractive entry point, the analyst tells investors in a research note. UBS expects Advanced Drainage’s adjusted EBITDA margins to trough at 30.6% in FY25. The pullback in the shares has created an attractive buying opportunity for a well-positioned company, the firm adds.
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Read More on WMS:
- Advanced Drainage upgraded to Buy from Neutral at UBS
- Advanced Drainage downgraded to Equal Weight from Overweight at Stephens
- Advanced Drainage price target lowered to $170 from $180 at Loop Capital
- Advanced Drainage price target lowered to $184 from $192 at Oppenheimer
- Advanced Drainage price target lowered to $180 from $195 at KeyBanc