Oppenheimer Reaffirms Perform On Douglas Dynamics

Oppenheimer analyst Jim Giannakouros reaffirmed a Perform rating on Douglas Dynamics (NYSE:PLOW). No price target was provided.

Giannakouros noted, “PLOW shares have increased 25% YTD (vs. S&P +9%) given record pre-season order patterns, its dividend (somewhat of a defensive purchase) and, we believe expectations for another cold, snowy winter, particularly in the Northeast. We believe the 3Q beat-and-raise should be supportive to shares, even from current elevated levels, in early trading.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Jim Giannakouros has a total average return of 3.1% and a 47.4% success rate. Giannakouros has a average return when recommending Sustainable Infrastructure & Industrial, and is ranked #1647 out of 3358 analysts.

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