Hyster-Yale upgraded to Outperform at Northland ahead of earnings

As previously reported, Northland upgraded Hyster-Yale (HY) to Outperform from Market Perform with a $50 price target After having listened to the earnings call of dozens of industrial companies in manufacturing and heavy equipment over the past few weeks, the firm suspects that the pick-up in bookings that Hyster-Yale saw in November of 2025 has continued and it has gained confidence in a second half of 2026 lift-truck shipment recovery, the analyst tells investors ahead of the company’s Q4 report due after the close tomorrow.