B. Riley lowered the firm’s price target on Alta Equipment Group to $22 from $25 and keeps a Buy rating on the shares following the Q4 report. The analyst modestly lowering estimates for 2024, including some conservatism given the slow Q1 start. However, Alta is well positioned for growth given its geographic exposure, staff of highly-skilled technicians, and a solid pipeline of acquisition opportunities, the analyst tells investors in a research note.
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