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.
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