Citi analyst Kyle Menges lowered the firm’s price target on EquipmentShare (EQPT) to $22 from $25 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the machinery group as part of a Q1 preview. The North America truck market has improved over the last few months and Citi still favors companies with construction exposure over agriculture, the analyst tells investors in a research note.
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