Titan Machinery price target lowered to $32 from $43 at B. Riley

B. Riley lowered the firm’s price target on Titan Machinery to $32 from $43 and keeps a Buy rating on the shares post the Q4 report. While earnings will be down versus the past couple of years in 2024 with the shift in the agriculture industry cycle, management’s efforts to be more efficient and lower costs should result in outperformance versus down cycles, the analyst tells investors in a research note.