DA Davidson initiated coverage of EVI Industries (EVI) with a Buy rating and $28 price target The company is building a commanding presence in industrial laundry machinery by building a nationwide user- and master-distribution presence, the analyst tells investors in a research note. As EVI Industries rapidly consolidates its M&A deals into one platform, the firm foresees a double-digit EBITDA-margin company emerging with a strong ROIC profile, DA Davidson added.
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