Raymond James lowered the firm’s price target on Alta Equipment (ALTG) to $7 from $8.50 and keeps a Market Perform rating on the shares. The firm cites sustained competitive pressures across the equipment landscape and Alta’s elevated leverage profile for the price target reduction, the analyst tells investors in a research note. Raymond James is comfortable sticking to the sideline until further macro clarity emerges.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALTG:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue