Northland upgrades Mayville Engineering, sees weakness as buying opportunity

As previously reported, Northland upgraded Mayville Engineering (MEC) to Outperform from Market Perform with a price target of $25, up from $20. Mayville posted “mixed” Q4 results and offered “nuanced” FY26 guidance, but signs of stability in some legacy markets showed in the results and guidance, as did strength in the data center and power markets, the analyst tells investors. While investments to support data center and power segments growth resulted in FY26 EBITDA guidance that was lower than expectations, the firm views yesterday’s weakness as a buying opportunity, the analyst added.