Wells Fargo initiated coverage on Manitowoc Co with a new price target
$MTW
Construction/Ag Equipment/Trucks
Industrials
Wells Fargo initiated coverage of Manitowoc Co with a rating of Underweight and set a new price target of $17.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/1/2023 | $14.00 → $17.00 | Underweight → Equal Weight | Wells Fargo |
| 4/3/2023 | $13.00 → $15.00 | Neutral → Sell | Goldman |
| 4/8/2022 | $16.00 | Outperform → Neutral | Robert W. Baird |
| 3/11/2022 | $17.00 | Underweight | Wells Fargo |
| 3/10/2022 | $24.00 → $18.50 | Neutral | Citigroup |
| 12/15/2021 | $23.00 → $22.00 | Neutral | Credit Suisse |
| 11/5/2021 | $20.00 → $23.00 | Neutral | Credit Suisse |
First-Quarter 2025 Highlights Orders of $610.3 million, up 10.1% year-over-year Net sales of $470.9 million, down 4.9% year-over-year Non-new machine sales of $160.6 million, $644.5 million on a trailing twelve-month basis Net cash provided by operating activities of $12.9 million; free cash flows(1) of $2.1 million The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported first-quarter orders of $610.3 million, a 10.1% increase from the prior year driven by a 68.3% increase in new machine orders in the Company's European tower crane business and a 23.8% increase in the Company's Americas segment. The Company ended the quarter with a backlog of $797.8 mi
The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its first-quarter 2025 results on Tuesday, May 6, 2025, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 7, 2025, at 11:00 a.m. ET (10:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused produc
The Manitowoc Company, Inc. (NYSE:MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, filed an anti-dumping petition with the U.S. International Trade Commission and U.S. Department of Commerce alleging predatory dumping by producers of lattice-boom crawler cranes from Japan. Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc., stated, "Our action today clearly indicates that Kobelco's behaviors have harmed our U.S. lattice-boom crawler crane operations. We trust that the U.S. Government will swiftly take action to level the playing field in support of our hardworking U.S. employees." Please review the
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8-K - MANITOWOC CO INC (0000061986) (Filer)
Wells Fargo upgraded Manitowoc from Underweight to Equal Weight and set a new price target of $17.00 from $14.00 previously
Goldman downgraded Manitowoc from Neutral to Sell and set a new price target of $15.00 from $13.00 previously
Robert W. Baird downgraded Manitowoc from Outperform to Neutral and set a new price target of $16.00
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The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc"), a leading global manufacturer of cranes and lifting solutions, today announced that James S. Cook, currently the Company's Senior Vice President, Health, Safety, Environment (HSE) and The Manitowoc Way, has been appointed Senior Vice President, Human Resources, and The Manitowoc Way effective immediately. "I am very pleased to have James take this critical role for Manitowoc. James' proven track record of developing and successfully delivering global cultural change and performance improvement using the principles of The Manitowoc Way makes him the ideal leader to ensure our Company is positioned for long-term success,"
The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc"), a leading global manufacturer of cranes and lifting solutions, today announced that Jennifer L. Peterson, currently the Company's Interim General Counsel and Assistant Secretary, has been appointed Executive Vice President, General Counsel and Secretary effective immediately. "I am excited to have Jennifer take this key role for Manitowoc. I've worked closely with Jennifer for over four years, and her leadership and experience in leading the increasing demands from stakeholders on global legal, risk, and compliance programs makes her the ideal person to ensure our Company is positioned for long-term success in these are
VANCOUVER, BC, Aug. 5, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced that, effective August 5, 2021, the Company has appointed Mr. Hubertus Muehlhaeuser to the Company's Board of Directors. Mr. Jim Roche, Chairman of Ballard's Board of Directors said, "We continue to ensure a strong matrix of diverse and complementary skills and experiences on our Board. Hubertus brings a strong background in industrial manufacturing, including commercial vehicles, construction machinery, agricultural machinery, and powertrain technologies. His distinguis
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4 - MANITOWOC CO INC (0000061986) (Issuer)
4 - MANITOWOC CO INC (0000061986) (Issuer)
First-Quarter 2025 Highlights Orders of $610.3 million, up 10.1% year-over-year Net sales of $470.9 million, down 4.9% year-over-year Non-new machine sales of $160.6 million, $644.5 million on a trailing twelve-month basis Net cash provided by operating activities of $12.9 million; free cash flows(1) of $2.1 million The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported first-quarter orders of $610.3 million, a 10.1% increase from the prior year driven by a 68.3% increase in new machine orders in the Company's European tower crane business and a 23.8% increase in the Company's Americas segment. The Company ended the quarter with a backlog of $797.8 mi
The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its first-quarter 2025 results on Tuesday, May 6, 2025, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 7, 2025, at 11:00 a.m. ET (10:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused produc
Fourth-Quarter 2024 Highlights Net sales of $596.0 million Net income of $56.7 million; Adjusted EBITDA(1) of $34.9 million Net cash provided by operating activities of $110.8 million, free cash flows(1) of $99.5 million Full-Year 2024 Highlights Net sales of $2,178.0 million Non-new machine sales of $629.1 million, an increase of $16.5 million year-over-year Net income of $55.8 million; Adjusted EBITDA(1) of $128.4 million The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported fourth-quarter net income of $56.7 million, or $1.59 per diluted share. Fourth-quarter adjusted net income(1) was $3.7 million or $0.10 per diluted share. Order