Shyft Group price target lowered to $12 from $16 at DA Davidson

DA Davidson lowered the firm’s price target on Shyft Group to $12 from $16 and keeps a Neutral rating on the shares. The firm’s checks are raising concerns regarding the challenging Q3 industry production figures for Step Vans and Class 5 trucks and with the Super Duty plant being shut down thanks to the UAW strike, the analyst tells investors in a research note.