Advanced Drainage Systems Well Positioned to Meet Outlook, Accelerate Growth, Oppenheimer Says
MT newswire2026/10/09 16:5612:56 PM EDT, 10/09/2026 (MT Newswires) -- Advanced Drainage Systems (WMS) is "well positioned" to manage run-rate uncertainties, meet its existing fiscal-year outlook, and accelerate organic and inorganic growth in fiscal 2027 to 2028, Oppenheimer said. Despite uneven and generally sluggish end-market demand, as well as expected raw material and freight headwinds, the company continues to "solidly outperform" its end markets. Oppenheimer said material conversion, innovation and acquisitions are helping the company expand its total addressable market and broaden growth opportunities. The investment firm said that the company's structural advantages and sustainable outgrowth are generally being overlooked and undervalued by investors amid recent share-price weakness. The investment firm maintained its fiscal 2027 and 2028 EBITDA estimates at $1.047 billion and $1.135 billion. Oppenheimer has an outperform rating on the stock and adjusted the price target to $185 from $190. Price: 125.35, Change: -0.86, Percent Change: -0.68
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