Stephens Raises Titan Machinery (TITN) to Overweight Following Solid Q1 Results, Raised Guidance

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Shares of Titan Machinery (NASDAQ: TITN) jumped higher in afternoon trade Thursday amid an intraday upgrade from an analyst at Stephens & Co.

The firm now rates Titan shares an Overweight, up from Equalweight previously. Stephens lifted its price target on the stock from $32 to $35.

The mid-day upgrade follows strong Q1 results and raised FY12 guidance from Titan Machinery this morning.

Shares are now up 9.4 percent to $29.64.

For more ratings news on Titan Machinery click here and for the rating history of Titan Machinery click here.

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