Raymond James Maintains Outperform on Alamo Group, Lowers Price Target to $210
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Felix Boeschen maintains an Outperform rating on Alamo Group (NYSE:ALG) but lowers the price target from $220 to $210.

August 04, 2023 | 3:12 pm
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Alamo Group's price target has been lowered from $220 to $210 by Raymond James, though the Outperform rating is maintained.
The news directly pertains to Alamo Group (ALG) as Raymond James has lowered its price target for the company. However, the Outperform rating is maintained, indicating that the analyst still expects the stock to outperform its peers. This could have a neutral impact on the stock as the lowered price target might be seen as a negative, but the maintained Outperform rating could be seen as a positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100