Bull Of The Day: Valmont Industries (VMI)Zacks Investmentupdated Apr 13, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.We are reaffirming our Outperform recommendation on Valmont Industries (VMI). Fourth quarter earnings of $1.83 per share outpaced the Zacks Consensus Estimate. Revenues increased by double digits, led by significant growth in the Irrigation Segment. Valmont is witnessing significant strength in the irrigation market and an improving demand for utility transmission structure. Going forward, management envisions a continued strong performance in 2012. The outlook for irrigation equipment is healthy while demand for Utility Support Structures is expected to rise. Our long-term Outperform recommendation on the stock indicates that it would exceed the broader market. Our price target of $138 is based on 18.3x our fiscal 2012 earnings estimate. VALMONT INDS (VMI): Free Stock Analysis Report To read this article on Zacks.com click here.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.