The Manitowoc Company, Inc. Announces the Launch of MTW Cranes Escrow Corp.'s $250 Million Offering of Senior Secured Second Lien Notes Due 2024

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Go back to The Manitowoc Company, Inc. Announces the Launch of MTW Cranes Escrow Corp.'s $250 Million Offering of Senior Secured Second Lien Notes Due 2024

Jefferies Raises Price Target on Manitowoc (MTW) Following 4Q Earnings and Update

February 1, 2016 9:36 AM EST

Jefferies reiterated a Buy rating on Manitowoc (NYSE: MTW), and raised the price target to $18.50 (from $17.00), following the company's 4Q earnings report. MTW reported adjusted EPS of $0.43, which came in better than expected on higher sales and improved margins.

Analyst Stephen Volkmann commented,... More