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MEC

Mayville Engineering

$12.05

-1.66 (-12.11%)

08:36
06/12/19
06/12
08:36
06/12/19
08:36

Mayville Engineering announces Steve Mance as COO

Mayville Engineering announced Steve Mance has been promoted to COO effective immediately. In this role, Mance will be responsible for maximizing operating performance and driving the company's ability to utilize manufacturing capacities to support the demand dynamics of MEC's customer base. Prior to joining MEC in 2018, Mance had led Defiance Metal Products for eight years.

MEC Mayville Engineering
$12.05

-1.66 (-12.11%)

06/03/19
BARD
06/03/19
INITIATION
Target $19
BARD
Outperform
Mayville Engineering initiated with an Outperform at Baird
Baird analyst Mircea Dobre initiated Mayville Engineering with an Outperform rating and $19 price target.
06/03/19
JEFF
06/03/19
INITIATION
Target $24
JEFF
Buy
Mayville Engineering initiated with a Buy at Jefferies
Jefferies analyst Stephen Volkmann started Mayville Engineering with a Buy rating and $24 price target. The company is a pure play on outsourcing of metal fabrication for heavy equipment, powersports and other industries, Volkmann tells investors in a research note. He views Mayville as a "rare beneficiary" of potential reshoring of parts back to the U.S. in the new trade environment as well as on continued outsourcing trends.
06/03/19
06/03/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. DuPont (DD) initiated with an Overweight at Morgan Stanley. 2. Corteva (CTVA) was initiated with an Outperform at BMO Capital, an Equal Weight at Morgan Stanley, a Neutral at Goldman Sachs and Citi, as well as a Hold at SunTrust and Deutsche Bank. 3. Axcella (AXLA) was initiated with an Overweight at JPMorgan, an Outperform at SVB Leerink, and a Buy at Goldman Sachs. 4. Cortexyme (CRTX) was initiated with an Outperform at JMP Securities, a Buy at Canaccord, a Neutral at BofA/Merrill, and an Underperform at Credit Suisse. 5. Mayville Engineering (MEC) was initiated with an Outperform at Baird, a Buy at Jefferies and Citi, and a Neutral at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/03/19
WBLR
06/03/19
INITIATION
WBLR
Outperform
Mayville Engineering initiated with an Outperform at William Blair
William Blair started Mayville Engineering with an Outperform rating saying the company offers a defensive business model with upside potential.

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