A post by @FirstSquawk on X.

Stephens lowered its price target on Advanced Drainage Systems to $155 from $175, trimming the implied valuation for the water management and drainage products maker. The revision keeps a bullish-to-neutral stance intact but signals reduced upside expectations for the stock. No change to the underlying rating was disclosed in the headline. The move matters because sell-side target cuts can sway sentiment and positioning in industrial water-infrastructure names. Investors will watch whether other analysts follow with similar revisions and how the shares trade around the new target.