Seaport Global analyst Michael Shlisky upgraded Columbus McKinnon to Buy and raised its price target to $30 from $24. The analyst has increased optimism from the purchase of Stahl from Konecranes, and believes the purchase price amounts to less than 8x trailing EBITDA vs. recent comps at approximately 10x. After the news, the company announcedl an equity offering that eliminated the company's need to issue high-coupon debt, and FY 2018 earnings accretion expectations were increased by 2.5x, yet the stock is trading at the same price as before this announcement, the analyst wrote.