Baird analyst Timothy Wojs lowered the firm’s price target on Douglas Dynamics (PLOW) to $26 from $30 and keeps a Neutral rating on the shares. The firm said weaker-than-expected re-orders exiting Q3 drove weaker Attachments results and was the primary driver behind the lowered guidance range.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLOW:
- Douglas Dynamics: Solid Q3 2024 Performance and Outlook
- Douglas Dynamics reports Q3 adjusted EPS 24c, consensus 21c
- Douglas Dynamics narrows FY24 adjusted EPS view to $1.20-$1.60 from $1.20-$1.70
- PLOW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Douglas Dynamics Announces Executive Leadership Changes