Aebi Schmidt price target raised to $16.50 from $16 at Roth Capital

Roth Capital raised the firm’s price target on Aebi Schmidt (AEBI) to $16.50 from $16 and keeps a Buy rating on the shares. The company delivered a sound Q3, with better-than-expected margins driving an adjusted EBITDA beat despite legacy Shyft softness, the analyst tells investors in a research note. The management cited order intake that appears to be picking up across the business, with strong growth in North America bolstered by significant strength in legacy Shyft walk-in-van orders that ramped toward the end of Q3, the firm added.