Barrington Research Maintains Spartan Motors Market Perform

Barrington Research maintained its Spartan Motors

Market Perform rating in a research report published today. In the report, Barrington Research states, "Our investment thesis remains unchanged following meetings with SPAR's CEO in Chicago. We were impressed with the long-term opportunities for SPAR's commercial vehicle trucks and fire trucks, but are concerned about the next two to three quarters, which should be weak due to some soft end markets and incremental spending to ramp the commercial vehicle products. Slowing Defense and RV in particular may cause near-term sales issues. In our view, SPAR's recent FedEx order for the new "Reach" medium duty commercial vehicle is a nice indication of the product's value. SPAR is a good investment for long-term value investors, however, it may face challenges in the short term." Shares of Spartan Motors were trading at $4.72 at the time of posting, down 4.65% from Friday's market close.