Dougherty & Company Reiterates Buy Rating, $68 PT for Raven

In a report published earlier today, Dougherty & Company LLC reiterated its Buy rating and $68.00 price target for Raven Industries (NASDAQ: RAVN).

Dougherty & Company said in its report “We think investors should be pleased with the strong results and unchanged long-term 10%+ growth outlook, given that business strength is driven by a combination of market demand in energy and agriculture as well as new product innovation that grows Raven's total addressable markets.”

Raven Industries closed on Friday at $63.29.