Feltl and Company Reiterates Strong Buy Rating, $41.44 PT for Titan Machinery

In a report published earlier today, Feltl and Company reiterated its Strong Buy rating and $41.44 price target for Titan Machinery Incorporated

. Feltl and Company went on to say “After a one-quarter pause of flat EPS, we are estimating that EPS will be up at least 25% in each of the next three quarters (including up more than 50% in the 2Q:13). This stock (and the broader agriculture sector) will firm in the next few months as investors realize predictions of a record corn crop will not materialize due to drought in much of the Corn Belt. Importantly, TITN's region of operations appears to be least affected by this drought; farmers there will spend big.” Titan Machinery Incorporated closed on Friday at $26.06.