The Manitowoc Company Reports Second-Quarter 2017 Financial Results

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Manitowoc (MTW) PT Raised to $9.50 at Jefferies

August 9, 2017 8:25 AM EDT

Jefferies raised its price target on Manitowoc (NYSE: MTW) to $9.50 (from $8.00) while maintaining a Buy rating.

Analyst Stephen Volkmann commented, "Despite end market pressures MTW delivered better than expected earnings results on higher margins as the management team continues to execute on right-sizing... More