Custom Truck One Source (CTOS) PT Raised to $12 at DA Davidson

DA Davidson analyst Michael Shlisky raised the price target on Custom Truck One Source (NYSE: CTOS) to $12.00 (from $8.50) while maintaining a Buy rating.

The analyst comments "We are maintaining our BUY rating on CTOS, with a new price target of $12 (from $8.50) following 1Q:26 earnings. It's finally coming together for CTOS and its investors, in our view. Among other items, Electrical/Datacenter end-markets are allowing for a robust (but not too robust) demand environment, giving the company the ability to pull the levers on its fleet to maximize profitability. CTOS is now able to use its fleet age as a tool for its balance sheet, and will be gently gliding leverage below 3.0x next year. We believe this will act as yet another catalyst for the equity."

You May Also Be Interested In

• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat