DA Davidson raised the firm’s price target on Columbus McKinnon to $48 from $44 and keeps a Buy rating on the shares. The company’s Q1 results showed strong underlying momentum in both its core and acquired conveyance-related businesses, the analyst tells investors in a research note.
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Read More on CMCO:
- Columbus McKinnon expects to surpass $1B in revenue in FY24, consensus $1B
- Columbus McKinnon sees Q2 revenue $250M-$260M, consensus $251.23M
- Columbus McKinnon reports Q1 adjusted EPS 62c, consensus 62c
- Columbus Mckinnon (CMCO) Q1 Earnings Cheat Sheet
- Columbus McKinnon management to meet with Seaport Global
