EF Hutton initiated coverage of Mayville Engineering with a Buy rating and $22 price target. Mayville is the largest independent sealed metal fabricator in the United States, the analyst tells investors in a research note. The firm says the company is a beneficiary of outsourcing by its customers and estimates it can achieve a 15.3% adjusted EBITDA margin in 2025 compared to 11.3% last year.
Published first on TheFly
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