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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
