DA Davidson Maintains Buy on Alamo Group, Raises Price Target to $219
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Shlisky maintains a Buy rating on Alamo Group (NYSE:ALG) and raises the price target from $209 to $219.
August 28, 2024 | 3:21 pm
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DA Davidson analyst Michael Shlisky has reaffirmed a Buy rating for Alamo Group and increased the price target from $209 to $219, indicating confidence in the company's future performance.
The reaffirmation of a Buy rating and an increase in the price target by a reputable analyst suggests a positive outlook for Alamo Group. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100