WMS - Advanced Drainage Systems Is Poised For Market Outgrowth Economic Moats And Skyrocketing Revenues: Analyst | Benzinga
Oppenheimer analyst Bryan F. Blair reiterated an Outperform rating on Advanced Drainage Systems, Inc. (NYSE: WMS), raising the price target to $148 from $140.
Blair notes Advanced Drainage focuses on expanding channel partnerships (over 3,000) and furthering relationships with top homebuilders to enhance residential market share.
The analyst highlights the company's broadening economic moats and substantial earnings potential (likely inflection into FY25) with the still-underappreciated re-rating prospects of shares.
According to the analyst, this apart, material conversion (concrete pipes to plastic pipes) ...