Alta Equipment price target lowered to $8 from $9 at DA Davidson

DA Davidson lowered the firm’s price target on Alta Equipment (ALTG) to $8 from $9 and keeps a Buy rating on the shares. Following the company’s “decent” Q1 results and the firm’s further diligence, it is taking a conservative stance on 2026, the analyst tells investors in a research note. DA Davidson still notes however that the demand within Construction Equipment segment overall remains stable, while bookings and new/used equipment margins within Material Handling appeared encouraging.