In a report published Wednesday, Jefferies reiterated its Buy rating on Titan International TWI, but lowered its price target from $27.00 to $25.00.
Jefferies noted, “Q4 was a horrendous quarter amidst poor management execution and communication. But most of the 4Q issues appear short term in nature, and we believe the fundamental TWI story remains intact. Valuation is likely to remain depressed until management credibility improves, but we expect growth to resume as end markets in NA and SA remain strong. We continue our Buy rating, and tweak our price target to $25.”
Titan International closed on Tuesday at $21.17.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in