Miller Industries price target lowered to $64 from $66 at DA Davidson

DA Davidson analyst Michael Shlisky lowered the firm’s price target on Miller Industries (MLR) to $64 from $66 but keeps a Buy rating on the shares. The firm notes that its takeaways after hosting the company’s management team were largely positive even though there was some ‘caution on the tariff situation’, adding that the near-term tax and regulatory changes could be favorable for Miller, with military opportunities “as robust as ever”, the analyst tells investors in a research note.