DA Davidson Upgrades Alamo Group: Here's What You Need To Know


DA Davidson upgraded its rating of Alamo Group ALG to Buy with a price target of $196.00, changing its price target from $173.00 to $196.00.

Shares of Alamo Group are trading up 4.9% over the last 24 hours, at $178.00 per share.

A move to $196.00 would account for a 10.11% increase from the current share price.

About Alamo Group

Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero-turn radius mowers, agricultural implements, and related aftermarket parts. The company's reportable segments are Vegetation Management and Industrial Equipment. It generates a majority of its revenue from Vegetation Management. Geographically, the company generates majority of the revenue from the United States.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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