Wells Fargo analyst Jerry Revich lowered the firm’s price target on EquipmentShare (EQPT) to $32 from $35 and keeps an Overweight rating on the shares. The firm sees a favorable setup heading into earnings, macro permitting, as the Machinery supply-driven recovery is accelerating, non-residential recovery is broadening into semis, and cash conversion is improving.
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Read More on EQPT:
- EquipmentShare price target lowered to $22 from $25 at Citi
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- EquipmentShare price target lowered to $44 from $51 at Goldman Sachs
- EquipmentShare price target lowered to $41 from $43 at Truist
- EquipmentShare price target lowered to $25 from $31 at Citi