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


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


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