Alamo Group (ALG) PT Lowered to $217 at DA Davidson

DA Davidson analyst Michael Shilsky lowered the price target on Alamo Group (NYSE: ALG) to $217.00 (from $219.00) while maintaining a Buy rating.

The analyst comments "We are maintaining our BUY rating on ALG, with a new price target of $217 (from $219) following 4Q:24 earnings. Growth in Industrial is resilient, and operating margins could end the year at 15%. In Vegetation, ALG is already seeing a turn in Brazil, and channel inventories are depleted suggesting (among other reasons) that an upward turn is ahead. ALG has no net debt, and we believe the company is actively seeking both domestic and international M&A opportunities to complement its share-repurchase program. We would use Friday's modest pull-back as an entry point for this high-quality company."

You May Also Be Interested In

• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Phillips 66, Marathon Merger Talks Collapsed - Semafor
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat