Barrington lowered the firm’s price target on Commercial Vehicle Group to a range of $5-$7 from $10 and keeps an Outperform rating on the shares. The company reported less than expected Q2 results and reduced its outlook for fiscal 2024, the analyst tells investors in a research note. The firm says Commercial Vehicle Group is taking action to respond to end market and operational challenges through restructuring and headcount reduction efforts.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVGI:
- Is CVGI a Buy, Before Earnings?
- Commercial Vehicle Group sells Cab Structures business for net proceeds $40M
- CVG Announces Second Quarter 2024 Earnings Call
- Commercial Vehicle Group Executives Present at Sidoti Conference
- CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference