EVI Industries Inc. (EVI) PT Lowered to $32 at DA Davidson, Buy Rating Maintained
DA Davidson analyst Michael Shlisky lowered the price target on EVI Industries Inc. (NYSE: EVI) to $32.00 (from $35.00) while maintaining a Buy rating.
The analyst commented, "We are maintaining our BUY rating on EVI, with a new price target of $32 (from $35) following F3Q:26/C1Q:26 earnings. Results were slightly short of expectations, as weather impacts in cold-weather states delayed installations--but little-to-no business was lost, and this backlog will be squeezed into installer schedules in the coming months. Elevated inventories were partially due to these delays as well, and the vast majority of inventories are already spoken for. The stock pulled-back ~12% on the news, but we would recommend taking advantage of the dip on the temporary weather issue."