Northland upgraded Titan Machinery (TITN) to Outperform from Market Perform with an unchanged price target of $25. The shares are trading at a level not seen since pre-Covid when we were approaching the bottom of the last farm cycle, the analyst tells investors in a research note. The firm likes Titan Machinery’s risk/reward at current share levels.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TITN:
- Titan Machinery price target raised to $19 from $15 at B. Riley
- Titan Machinery’s Earnings Call: Mixed Results and Cautious Outlook
- Titan Machinery price target lowered to $24 from $25 at Baird
- Titan Machinery Reports Inventory Reduction and Revenue Decline
- Titan Machinery reports Q4 EPS ($1.88), consensus (63c)