Lake Street raised the firm’s price target on Titan Machinery (TITN) to $18 from $15 and keeps a Hold rating on the shares. While the firm believes the company is “navigating the environment as well as it can” following a significant Q1 revenue beat on accelerated pre-sold inventory delivery, it also believes the valuation reasonably reflects Titan’s earnings power over the next 24 months, the analyst tells investors.
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