Manitowoc (MTW) Misses Q1 EPS by 1c

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Manitowoc (MTW) PT Raised to $8 at Jefferies Folloing 1Q

May 10, 2017 9:42 AM EDT

Jefferies raised its price target on Manitowoc (NYSE: MTW) to $8.00 (from $7.25) while maintaining a Hold rating. Management reiterated their commitment to continue to right-size the cost structure and maintained the full year guidance for adjusted operating margins of 0-1% on a sales decline... More