Northland upgraded Mayville Engineering (MEC) to Outperform from Market Perform with a price target of $18, down from $20. Mayville reported below consensus Q2 results and lowered FY25 guidance, but the firm believes that the company is well positioned for a return to growth in FY26 and expects shares to move higher “once renewed growth is evident,” the analyst tells investors.
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Read More on MEC:
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