DA Davidson Maintains Buy on Alta Equipment Group, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Matt Summerville maintains a Buy rating on Alta Equipment Group (NYSE: ALTG) but lowers the price target from $20 to $12.
August 13, 2024 | 5:21 pm
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DA Davidson analyst Matt Summerville maintains a Buy rating on Alta Equipment Group but lowers the price target from $20 to $12.
The Buy rating suggests continued confidence in Alta Equipment Group's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100