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

Hudson Securities maintained its Manitex International 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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsHudson Securities
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!