Northcoast Research Starts Tennant Company (TNC) at Buy, Attractive Entry Point

Northcoast Research analyst Aaron Reed initiates coverage on Tennant Company (NYSE: TNC) with a Buy rating and a price target of $125.00.

The analyst comments "We are initiating coverage on Tennant Company (TNC) with a BUY rating and a price target of $125. Tennant is well-positioned for earnings growth, continued balance sheet strength, and strong cash flow going into 2025, and expected to accelerate into 2026. Historically, the company has traded within a next-twelve-month (NTM) P/E ratio range of 12 to 26 times. Shares are currently attractively valued at 12.3 times. Tennant’s ability to consolidate market share in a fragmented global market makes a compelling investment opportunity."

For an analyst ratings summary and ratings history on Tennant Company click here. For more ratings news on Tennant Company click here.

Shares of Tennant Company closed at $80.58 yesterday.

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