Miller Industries Faces Ongoing Activist Investor Campaign, Analyst Adds Tow Truck Company To STAMPEDE List
Portfolio Pulse from Priya Nigam
Miller Industries (NYSE:MLR) has been added to the STAMPEDE list by DA Davidson due to an ongoing activist investor campaign. Analyst Michael Shlisky initiated coverage with a Buy rating and an $82 price target. The company has made changes like a dividend hike and share buyback, and its stock has risen 48% YTD.
October 02, 2024 | 2:23 pm
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Miller Industries has been added to the STAMPEDE list due to an activist investor campaign. Analyst Michael Shlisky rates it a Buy with an $82 target. The company has increased dividends and authorized a share buyback, contributing to a 48% YTD stock rise.
The addition to the STAMPEDE list and the Buy rating with a high price target suggest positive sentiment. The activist campaign and recent corporate actions like dividend hikes and share buybacks are likely to support the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100