Manitowoc price target lowered to $12 from $15 at Barclays

Barclays lowered the firm’s price target on Manitowoc to $12 from $15 and keeps an Underweight rating on the shares ahead of the Q1 report. Earnings momentum in the machinery and constructing group could soften in the first half of 2024, which could test the sector’s multiple framework, the analyst tells investors in a research note.