Douglas Dynamics price target raised to $60 from $55 at DA Davidson

DA Davidson analyst Michael Shlisky raised the firm’s price target on Douglas Dynamics (PLOW) to $60 from $55 and keeps a Buy rating on the shares after its Q1 results came in “well ahead” of expectations. While the company transitions to a long-term diversified commercial-vehicle player, it’s clear that the weather is finally cooperating and it could lead to a multi-year growth trajectory, the analyst tells investors in a research note.