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Fly News Breaks for November 7, 2017
MNTX
Nov 7, 2017 | 08:40 EDT
Roth Capital analyst Matt Koranda downgraded Manitex to Neutral from Buy, with a $10 price target, as he awaits restatement of 2016 and year to date 2017 financials caused by a change in revenue treatment of certain transactions initiated in 2016. While he believes Manitex's business remains fundamentally sound with end markets rebounding from a deep cyclical trough, Koranda awaits complete restatements to provide a firmer basis for his investment opinion.
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