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Ambient Corporation Message Board

batmast 1 post  |  Last Activity: Apr 8, 2014 9:45 AM Member since: Mar 12, 1998
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  • Global Hunter Securities initiated coverage on Manitex International (NASDAQ: MNTX) with a Buy rating and a price target of $20.00.

    Analyst Walt Liptak said, "We recommend MNTX on both a short-term and long-term basis due to the quality of the company's management, recent acquisitions and the energy and non-residential construction sectors' recoveries, which we believe are taking place in some of MNTX's end markets. While recent CONEXPO expenses could be a near-term earnings drag, we believe that expected backlog growth and production increases should serve as drivers to propel the stock forward. Future acquisitions and a building backlog for boom trucks going into the energy sector should be a 2015-2016 earnings driver. We are initiating coverage of MNTX with a Buy rating and a $20 price target, which is based on 10.8x our 2014E EV/EBITDA estimates."

    For an analyst ratings summary and ratings history on Manitex International click here. For more ratings news on Manitex International click here.

    Shares of Manitex International closed at $16.09 yesterday.

    Sentiment: Strong Buy

1.20+0.03(+2.56%)Apr 24 3:07 PMEDT

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