Manitex price target raised to $9 from $8 at Roth MKM

Roth MKM raised the firm’s price target on Manitex to $9 from $8 and keeps a Buy rating on the shares. The company’s “strong” Q3 was highlighted by a topline beat and meaningful progress on gross margins, driving an adjusted EBITDA beat, the analyst tells investors in a research note. Manitex management continues to deliver on margin improvement through improved production throughput in the core lifting business, the firm added.