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Fly News Breaks for June 21, 2018
MTW
Jun 21, 2018 | 05:02 EDT
JPMorgan analyst Ann Duignan upgraded Manitowoc to Neutral and raised her price target for the shares to $25 from $24. The analyst sees a more balanced risk/reward following the year-to-date underperformance of the shares.
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.
