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Alta Equipment upgraded to Outperform from Market Perform at Northland

Northland analyst Ted Jackson upgraded Alta Equipment (ALTG) to Outperform from Market Perform with a $20 price target After Alta began publishing a set of pro forma free cash flow metrics, the firm structured a pro forma free cash flow forecast that aligns with the company’s pro forma view and suggests that the shares are “meaningfully undervalued,” the analyst tells investors.

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