Citigroup Maintains Buy on Mayville Engineering, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Buy rating on Mayville Engineering (NYSE:MEC) and increased the price target from $17 to $18.

April 08, 2024 | 10:59 pm
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Citigroup has reaffirmed its Buy rating on Mayville Engineering and raised the price target from $17 to $18.
The upgrade in the price target by a reputable analyst like Andrew Kaplowitz from Citigroup is a strong positive signal for Mayville Engineering. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100