D.A. Davidson Reacts To Disappointing Q3 Earnings For L.B. Foster Company
In a report published Wednesday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating and $60.00 price target on L.B. Foster Company (NASDAQ: FSTR).
In the report, D.A. Davidson noted, “L.B. Foster reported Q3 earnings of $0.88 compared to $0.95 last year. Earnings were below our estimate and consensus of $0.99 and $1.02, respectively. Revenue of $167.8 million (+3.4%) was well below our estimate ($181.0 million).”
L.B. Foster Company closed on Tuesday at $52.68.
Latest Ratings for FSTR
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | B. Riley Securities | Maintains | Buy | |
| May 2020 | B. Riley Securities | Maintains | Buy | |
| Mar 2019 | B. Riley Securities | Initiates Coverage On | Buy |
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Posted-In: Brent Thielman D.A. DavidsonAnalyst Color Reiteration Analyst Ratings
