Custom Truck One Source price target lowered to $6 from $7 at Oppenheimer

Oppenheimer analyst Scott Schneeberger lowered the firm’s price target on Custom Truck One Source to $6 from $7 and keeps an Outperform rating on the shares. The firm notes the company delivered Q2 results that were below expectations, primarily related to the company continuing to be impacted by “a slow-down in work in (its) core T&D (transmission & distribution utility) markets, which primarily impacts (its) ERS segment.”