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Fly News Breaks for December 9, 2016
MTW
Dec 9, 2016 | 09:31 EDT
OTR Global upgraded Manitowoc to Mixed following checks that indicate the rate of decline in US crane orders has moderated in Q4 and an uptick in quoting activity has resulted in positive 2017 expectations.
News For MTW From the Last 2 Days
MTW
Apr 16, 2024 | 07:25 EDT
JPMorgan lowered the firm's price target on Manitowoc to $15 from $17 and keeps a Neutral rating on the shares ahead of the Q1 report. Construction data points are mixed, but demand commentary from manufacturers is generally optimistic, the analyst tells investors in a research note. The firm says a weak Europe and growing price-competition "set up for an uninspiring" fiscal 2024 for Manitowoc.
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