B. Riley Cuts L B Foster Price Target By 14%
B. Riley analyst Alex Rygiel lowered the price target on railroad equipment company L B Foster Co (NASDAQ:FSTR) to $18 (an upside of 18%) from $21 and maintained a Buy rating on the shares. Rygiel noted the company's Q4 results were below his estimates, reflecting lower Rail Tech/Services revenue and higher input and labor costs.…
Benzinga ·
Benzinga
