Jefferies raised the firm’s price target on AZZ Inc. (AZZ) to $110 from $105 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for the Machinery and Industrial sector. Approaching 2025, the landscape has changed as the markets have turned more bullish on industrial trends and with valuations near the high end of historical highs, the firm has to be “increasingly selective”, Jefferies states. The bullish case for AZZ is rooted in the tailwinds from North America infrastructure and construction markets, structural improvement in free cash flow generation amid constant de-levering, and the narrative shift from portfolio realignment to quality-at-a-reasonable-price investment, the firm added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZZ:
- AZZ Inc. Invests in Sustainable Growth and Innovation
- Closing Bell Movers: 10x Genomics falls 27% on’cautious’ customer spending
- AZZ Inc. reports Q2 adjusted EPS $1.37, consensus $1.32
- AZZ Inc. raises FY25 adjusted EPS view to $4.70-$5.10 from $4.50-$5.00
- Options Volatility and Implied Earnings Moves Today, October 09, 2024