Hyster-Yale Materials price target lowered to $50 from $75 at Northland

Northland analyst Ted Jackson lowered the firm’s price target on Hyster-Yale Materials (HY) to $50 from $75 and keeps a Market Perform rating on the shares. Hyster-Yale reported a “mixed” Q1 relative to consensus, says the analyst, who lowered FY25 forecasts because of tariffs and economic uncertainty.