Northland downgraded Northwest Pipe (NWPX) to Market Perform from Outperform with an unchanged price target of $50. Northwest posted “excellent” Q3 results and the firm has increased forward estimates on the strength of the quarter and the SPP and precast outlook, but now sees the company’s shares as close to fully valued.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks