Roth Capital Reiterates Buy On Manitex International; Sees 50% Upside For The Stock
Roth Capital analyst Matt Koranda reiterated a Buy rating on Manitex International (NASDAQ:MNTX) with a price target of $17.00, which represents a potential upside of 50% from where the stock is currently trading.
Koranda said, “2015 is setting up to be a transformative year for MNTX. The combined entity would have a line of sight to >$500mn in revenue at 9% EBITDA margins. In our view, a larger, more diversified, material handling business with growth prospects in a late-cycle macro environment deserves a higher valuation vs. current market pricing.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Matt Koranda has a total average return of -3.2% and a 40.0% success rate. Koranda is ranked #2704 out of 3354 analysts.