MSA Safety rporated-MSA Safety Makes Analyst's Best-Of-Breed Bison List: 'Strong Long-Term Value Creation Potential'

Core Viewpoint - MSA Safety Inc has been experiencing a downtrend in its stock price, but analysts see potential for growth and have initiated coverage with a positive outlook [1][2]. Group 1: Analyst Insights - DA Davidson analyst Michael Shlisky has initiated coverage on MSA Safety with a Buy rating and a price target of $195, highlighting a significant increase in management's focus on safety, as evidenced by the nearly doubled mentions of "safety" in public company calls and presentations from 2019 to 2023 [2]. - The company is expected to achieve a compounded annual growth rate (CAGR) of 8%-10% in earnings through 2028, indicating strong growth potential [3]. - MSA Safety has been included in DA Davidson's Best-of-Breed Bison list, which recognizes companies with strong competitive advantages and long-term value creation potential [5]. Group 2: Market Conditions - The top 10 U.S. fire departments, which are well-funded, are projected to increase their budgets by an estimated 6% next year, potentially benefiting MSA Safety [4]. - The number of U.S. construction workers, who utilize a variety of MSA Safety's products, is expected to continue rising, further supporting the company's growth prospects [4]. Group 3: Stock Performance - As of the last check, MSA Safety's stock was trading at approximately$ 166.66 per share, reflecting current market conditions [6].