H&E Equipment price target raised to $69 from $59 at Stifel

Stifel raised the firm’s price target on H&E Equipment to $69 from $59 and keeps a Buy rating on the shares after the company posted results ahead of Street expectations for both revenue and adjusted EBITDA. The firm views H&E’s commitment to organic growth and a newer fleet “favorably,” the analyst tells investors in a post-earnings note.