DA Davidson Maintains Buy on Alamo Group, Lowers Price Target to $209
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Shlisky maintains a Buy rating on Alamo Group (NYSE:ALG) but lowers the price target from $225 to $209.
August 05, 2024 | 10:44 pm
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DA Davidson analyst Michael Shlisky maintains a Buy rating on Alamo Group (NYSE:ALG) but lowers the price target from $225 to $209.
The Buy rating suggests continued confidence in Alamo Group's performance, but the lowered price target indicates some caution about its near-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100