Douglas Dynamics price target raised to $55 from $48 at DA Davidson

DA Davidson analyst Michael Shlisky raised the firm’s price target on Douglas Dynamics (PLOW) to $55 from $48 and keeps a Buy rating on the shares after its Q4 results. The company is showing what it is capable of doing when it sees decent snowfall, but its earnings growth is deeper than that as the management’s new multi-pillar strategy focused on expansion, diversification, and improved operations is now running the show, the analyst tells investors in a research note.