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Jefferies raises AZZ price target on strong domestic growth momentum

ReutersJul 11, 2025 10:34 AM

Jefferies raises metal coating company AZZ's AZZ.N price target to $129 from $99, an upside of 21.5% to the stock's last close

Reiterates "buy" rating

Says co's new infrastructure initiatives are expected to sustain strong demand

Adds new energy projects continue to support growth, and tariff concerns are accelerating the shift back to domestic production in the U.S.

Also raises 2026 EPS forecast to $6.05 from $5.85

Six of 8 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $110.35 - data compiled by LSEG

Stock is up 29.8% YTD

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