Market Overview

Hudson Securities Maintains Manitex Buy, Raises PT To $9 (MNTX)

Share:

Hudson Securities maintained its Manitex International (NASDAQ: MNTX) Buy rating and raised Manitex's price target from $6 to $9 in a research report published today.

In the report, Hudson Securities states, " Manitex continues to make inroads in key geographic markets and is starting to see a rebound in the U.S. crane market. The recently announced $13.5 million in new orders from a broad cross-section of customers firms up the back half of 2011 and is a good indication that construction activity is picking up at a steadier pace than we have been modeling."

Shares of Manitex were trading at $6.20 at the time of posting, down 2.49% from Thursday's market close.

Posted-In: Hudson SecuritiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (MNTX)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ELMDDougherty & Co.Initiates Coverage On12.0
MRNSCantor FitzgeraldAssumes7.0
MNRLCapital One FinancialInitiates Coverage On23.0
SONVertical GroupUpgrades
UNPMorgan StanleyMaintains136.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Benzinga's Morning Laugh, March 18, 2011

Will Steve Jobs Step Down Permanently From Apple? (AAPL)