EF Hutton raised the firm’s price target on Tennant to $140 from $115 and keeps a Buy rating on the shares. The company reported good December quarter results with 7% organic sales growth against a very tough year-ago comparable in the Americas of 16% growth, the analyst tells investors in a research note. The firm hiked the price target by rolling over its basis to 2024 estimates from 2023.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TNC:
- Tennant and Brain in technology pact to accelerate robotic floor cleaning
- Tennant sees FY24 EPS $6.05- $6.65, consensus $6.26
- Tennant reports Q4 EPS $1.92, consensus $1.25
- TNC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Microsoft target hike, WisdomTree upgrade: Wall Street’s top analyst calls