Aegis Capital Starts Titan International (TWI) at Buy

December 23, 2016 6:14 AM EST
Get Alerts TWI Hot Sheet
Price: $15.00 --0%

Rating Summary:
    3 Buy, 3 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 16 | New: 15
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Aegis Capital initiates coverage on Titan International (NYSE: TWI) with a Buy rating and a price target of $15.00.

Analyst Igor Maryasis commented, "We are initiating coverage of TWI with a Buy rating and a 6-12 month price target of $15, representing a 36% potential gain from current price levels. We believe that the operational makeover that the company has undergone over the past two years (for the most part under the Street's radar) is now becoming increasingly apparent and will begin to translate into tangible results in 2017. We expect the company to get higher recognition from investors for improved cost structure and a broad range of growth opportunities underpinning TWI's longterm fundamentals as the cyclical headwinds abate and the key end markets begin to stabilize beginning next year."

For an analyst ratings summary and ratings history on Titan International click here. For more ratings news on Titan International click here.

Shares of Titan International closed at $11.03 yesterday.

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