Hyster-Yale price target lowered to $40 from $50 at Roth Capital

Roth Capital lowered the firm’s price target on Hyster-Yale (HY) to $40 from $50 and keeps a Buy rating on the shares after its Q3 results. Conditions stay challenging given the impact of market uncertainties and tariffs on both customer decision-making and underlying product profitability, as forward visibility looks much more limited currently, the analyst tells investors in a research note.