Tuesday, January 8, 2008
Manitowoc - MTW
This crane building company based in a small town of Manitowoc, Wisconsin is benefiting from global infrastructure boom. Their order book is strong for 2008 and guidances have been revised upwards, both by the company and the analysts. The stock gives a good entry point around $41 after recent indiscriminate beating. My price target: $65 in 6-9 months. Forbes thinks it's a hottie.
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LEH downgraded this stock today. However, there seems to be lot of upside to this company starting from Management thru Revenue growth. I anticipate more volatility towards earnings date. It went to 38 today. I want to say @37 may be a good entry point.
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