Manitowoc Company (MTW) Receives a Buy from Barclays


Barclays analyst Adam Seiden maintained a Buy rating on Manitowoc Company (MTW) yesterday and set a price target of $15.00. The company’s shares closed last Monday at $11.25, close to its 52-week low of $10.49.

According to TipRanks.com, Seiden is a 3-star analyst with an average return of 2.0% and a 56.5% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Welbilt Inc, Terex Corp, and Cummins.

The word on The Street in general, suggests a Hold analyst consensus rating for Manitowoc Company with a $15.60 average price target.

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The company has a one-year high of $22.00 and a one-year low of $10.49. Currently, Manitowoc Company has an average volume of 368.6K.

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The Manitowoc Co., Inc. engages in the design, manufacture and distribution of a line of crawler mounted lattice boom cranes, under the Manitowoc brand. It operates through the following segments: Americas, Europe and Africa, and Middle East and Asia Pacific. The Americas segment includes the North American and South American continents.

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