Alamo Group price target lowered to $190 from $225 at DA Davidson

DA Davidson analyst Michael Shlisky lowered the firm’s price target on Alamo Group (ALG) to $190 from $225 and keeps a Neutral rating on the shares after its Q3 earnings miss. The company’s Vegetation business is still looking for a y/y inflection, while the Industrial segment remains strong, the analyst tells investors in a research note. The firm adds that while the management was a bit more cautious on Industrial in 2026 given tough comps, its trends remain favorable.