EF Hutton Maintains Buy on Mayville Engineering, Raises Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
EF Hutton analyst Tim Moore maintains a Buy rating on Mayville Engineering (NYSE:MEC) and raises the price target from $21 to $22.
June 21, 2023 | 8:58 am
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EF Hutton analyst Tim Moore maintains a Buy rating on Mayville Engineering (NYSE:MEC) and raises the price target from $21 to $22.
The news of EF Hutton maintaining a Buy rating and raising the price target for Mayville Engineering (NYSE:MEC) from $21 to $22 is positive for the stock. This indicates that the analyst has confidence in the company's performance and growth potential, which could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100