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Advanced Drainage Systems Trading Weakness Offers Medium-Term Opportunity, Oppenheimer Says

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Advanced Drainage Systems (WMS) is seen as a compelling medium-term opportunity following recent share weakness, Oppenheimer said.

The investment firm said in a Monday note that the company's shares remain pressured by uncertainties regarding end-market demand and cost inflation, heightened by Iran war dynamics.

The brokerage, however, expects strong price-levered revenue growth, continued EBITDA dollar expansion, and higher earnings per share over the coming quarters.

Oppenheimer analysts said they remain confident in Advanced Drainage Systems' broad-based structural advantages.

The firm reiterated its outperform rating and lowered its price target to $190 from $195.

Shares of Advanced Drainage Systems were up 2.5% in Tuesday trading.

Price: $136.38, Change: $+3.38, Percent Change: +2.54%

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