Alert: Major Price Advance (5/7/24)-L.B. Foster Co (NASDAQ: FSTR).

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On 5/7/24, L.B. Foster Co (NASDAQ: FSTR) stock enjoyed a major increase of 11.8%, closing at $27.17. Moreover, trading volume in this advance was exceptionally high at 390% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.2% during the last week.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, FSTR is expected to continue to be Value Creation neutral.

L.B. Foster has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. L.B. Foster has a very low Appreciation Score of 13 but a very high Power Rating of 86, leading to the Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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