Titan Machinery price target lowered to $15 from $20 at B. Riley

B. Riley lowered the firm’s price target on Titan Machinery to $15 from $20 and keeps a Neutral rating on the shares post the Q2 report. Greater than expected commodity price declines resulted in lower farmer sentiment and significantly reduced demand for equipment over the past several months, the analyst tells investors in a research note. The firm says this resulted in higher inventory that will need to be reduced, putting additional pressure on Titan Machinery’s margins in the coming quarters and through fiscal 2026.