On 11/6/24, The Manitowoc Co Inc (NYSE: MTW) stock enjoyed a major increase of 15.3%, closing at $10.94. Moreover, exceptionally high trading volume at 265% of normal accompanied the advance. The stock has risen 11.6% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
MTW is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Manitowoc has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Manitowoc has a good Appreciation Score of 85 but a very low Power Rating of 6, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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