Federal Signal price target raised to $96 from $84 at DA Davidson

DA Davidson raised the firm’s price target on Federal Signal (FSS) to $96 from $84 and keeps a Neutral rating on the shares after hosting management team meetings with investors. The firm says the takeaways from the discussion were positive as the company reflected on strong demand, with June seen as the highest order month in company history and with momentum expected to carry into 2026, the analyst tells investors in a research note. The favorable margin outlook for Federal Signal was unchanged thanks to support from increased capacity, mix benefits, and aftermarket growth, the firm added.