Titan Machinery price target lowered to $40 from $45 at Lake Street

Lake Street analyst Ben Klieve lowered the firm’s price target on Titan Machinery to $40 from $45 and keeps a Buy rating on the shares. Margin compression and elevated interest expense in Q4 kept EBITDA and EPS in line with estimates and “were a precursor to the FY25 outlook,” says the analyst, who believes much of the pressure facing Titan had already been priced into the stock entering earnings. The firm believes Titan “remains a cheap stock for patient capital,” the analyst added.