Citigroup Maintains Buy Rating for Custom Truck One Source, Raises Price Target To $11

Citigroup has decided to maintain its Buy rating of Custom Truck One Source CTOS and raise its price target from $9.00 to $11.00.

Shares of Custom Truck One Source are trading up 5.34% over the last 24 hours, at $8.28 per share.

A move to $11.00 would account for a 32.85% increase from the current share price.

About Custom Truck One Source

Custom Truck One Source Inc is a one-stop-shop provider of specialty equipment in the electric utility transmission and distribution, telecom, rail, and infrastructure end-markets in North America. The company's segment includes Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). It generates maximum revenue from the TES segment. Geographically, it derives a majority of revenue from the United States.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.