Northland downgrades Northwest Pipe stock, strong SPP and precast growth noted – Investing.com

Northland has downgraded Northwest Pipe stock, despite strong growth in the steel pipe and precast segments. The company noted significant growth in the Steel Pressure Pipe (SPP) and precast segments, which are performing well. However, Northland still decided to lower their rating on Northwest Pipe stock. Investors should take note of this downgrade, but also consider the positive growth in the SPP and precast segments.