Alta Equipment downgraded to Neutral from Buy at DA Davidson

DA Davidson downgraded Alta Equipment (ALTG) to Neutral from Buy with an unchanged price target of $8. Following Alta’s recent Q2 results and further diligence, the firm is slightly reducing its EBITDA outlook for 2025/2026 due to tariff headwinds, the analyst tells investors. Despite Alta’s expense and overall efficiency efforts and plans to potentially monetize additional fleet, the firm does not see a material, incremental catalyst for the shares at this time, the analyst tells investors.