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Fly News Breaks for November 8, 2019
MTW
Nov 8, 2019 | 05:28 EDT
Goldman Sachs analyst Jerry Revich double upgraded Manitowoc to Buy from Sell with a price target of $18, up from $12. The analyst sees a broader recovery in construction equipment demand, and notes stocks are at "historically low" valuation multiples. This presents attractive risk/reward profiles ahead of a potential cyclical bottom, Revich tells investors in a research note. He believes Manitowoc is positioned to benefit from rationalized supply in the construction equipment channel.
News For MTW From the Last 2 Days
MTW
Apr 22, 2024 | 05:05 EDT
Barclays lowered the firm's price target on Manitowoc to $12 from $15 and keeps an Underweight rating on the shares ahead of the Q1 report. Earnings momentum in the machinery and constructing group could soften in the first half of 2024, which could test the sector's multiple framework, the analyst tells investors in a research note.
