Stifel analyst Stanley Elliott raised the firm’s price target on H&E Equipment to $64 from $60 and keeps a Buy rating on the shares. In his 2023 outlook note for his Machinery, Construction Materials and Building Products coverage, the analyst stated that he expects "typical late-cycle trends" – including slowness in housing but non-residential accelerating – to unfold and also expects the price/cost environment to generally improve.
Published first on TheFly
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