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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HY: