Astec price target raised to $40 from $36 at Baird
The Fly

Astec price target raised to $40 from $36 at Baird

Baird raised the firm’s price target on Astec (ASTE) to $40 from $36 and keeps a Neutral rating on the shares. Q3 results were relatively in line with expectations for the second consecutive quarter, noted the analyst, who also points out that management expects flattish sales in 2024, implying about 16% growth in Q4.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App