Baird analyst Timothy Wojs lowered the firm’s price target on Douglas Dynamics to $46 from $48 and keeps an Outperform rating on the shares. The analyst noted they negatively pre-announced, with meaningfully weaker Q1 results reflecting very low snowfall in key East Coast markets. Updated guidance trims upper ends, largely reflect Q1 shortfall and some anticipate knock-on pre-season impacts.
Published first on TheFly
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