DA Davidson analyst Michael Shlisky upgraded Alamo Group to Buy from Neutral with a price target of $196, up from $173, following the firm’s recent discussion with the company CEO at the ConExpo 2023 trade show. Alamo’s new products on display were impressive, and the firm gained more insight into where the company is heading as modest but consistent operational improvements stack up, the analyst tells investors in a research note. DA Davidson adds that under its new leadership, Alamo appears to be a company with "sneakily aggressive goals", and it is in the earlier stages of reaching them.
Published first on TheFly
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