Baird upgraded Alamo Group (ALG) to Outperform from Neutral with a price target of $260, up from $209. The firm sees stabilization and positive developments in utility and small tractors demand. In addition, dealer destocking should carry over to attachment demand while the rebound in hay and alfalfa prices year-to-date should help Alamo’s Vegetation segment, the analyst tells investors in a research note. Baird sees the company’s recent cost reductions as boosting earnings expectations into 2026.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALG: