Baird lowered the firm’s price target on Titan Machinery to $25 from $32 and keeps a Neutral rating on the shares after the company reported Q3 results. Titan reported a “miss” in Q3 earnings and revenue and lowered its revenue guidance ranges, the analyst tells investors in a research note. The firm also noted that inventory continues to rise for the company, with management expecting additional stocking in Q4.
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Read More on TITN:
- Titan Machinery Inc. Announces Results for Fiscal Third Quarter Ended October 31, 2023
- Titan Machinery backs FY24 EPS view $4.60-$5.25, consensus $5.05
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- Titan Machinery Inc. to Report Fiscal Third Quarter Ended October 31, 2023 Results on Thursday, November 30, 2023
