SunTrust analyst Charles Brady lowered his price target on Manitowoc to $26 and kept his Hold rating after its "mixed" Q1 results. Despite the earnings beat, the analyst notes that shares were down 3.5% on Tuesday as investors are more wary that "cost headwinds will become increasingly difficult". Brady is also concerned that the lower rental values will "make it difficult" for the company to fully realize its planned price increases. The analyst adds that the company's restructuring can "contribute to operational complications should supply constraints persist".