B. Riley analyst Alex Rygiel lowered the firm’s price target on L.B. Foster to $21 from $27 and keeps a Neutral rating on the shares. The analyst reduced 2024 estimates following the company’s lower than expected Q2. The quarter was negatively impacted by lower volumes and softer pricing within rail products and some weather impacts on precast concrete products, the analyst tells investors in a research note.
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- L.B. Foster Company to Present Virtually at Sidoti Micro Cap Investor Conference on August 14, 2024 and at Three Part Advisors’ Midwest IDEAS Investor Conference on August 29, 2024 in Chicago, IL
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