Hearing Buckingham Research Upgraded Manitowoc (MTW) to Strong Buy

September 11, 2009 8:50 AM EDT

We are hearing Buckingham Research upgraded Manitowoc Co. Inc. (NYSE: MTW) from Neutral to Strong Buy with an aggressive $14 price target. The firm purportedly cited strong free cash flows and pockets of strength in its crane business.

The Manitowoc Company, Inc. engages in the manufacture and sale of cranes and related products, and foodservice equipment.


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