B. Riley analyst Liam Burke took over coverage of Alta Equipment and kept a Buy rating on the shares with a $10 price target Riley expects “several underlying drivers” to create positive momentum in the diversified industrial sector, namely “rapidly increasing” demand for high-powered artificial intelligence data centers, funding from federal and state infrastructure programs reaching the construction stage, and the ongoing energy transition from traditional fossil fuels to renewables. The firm’s top picks are NPK International (NPKI) and Alta Equipment (ALTG).
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALTG:
- Alta Equipment price target lowered to $8.50 from $9 at Raymond James
- Alta Equipment Group’s Earnings Call: Resilience Amid Challenges
- Alta Equipment Group Reports 2024 Earnings Decline
- Alta Equipment Group reports Q4 adjusted EPS (46c), consensus (24c)
- Alta Equipment Group sees FY25 adjusted EBITDA $175M-$190M