Baird Maintains Outperform Rating for Douglas Dynamics: Here's What You Need To Know

Baird has decided to maintain its Outperform rating of Douglas Dynamics PLOW and lower its price target from $48.00 to $46.00.

Shares of Douglas Dynamics are trading down 3.4% over the last 24 hours, at $28.82 per share.

A move to $46.00 would account for a 59.64% increase from the current share price.

About Douglas Dynamics

Douglas Dynamics Inc is a manufacturer and upfitter of commercial vehicle attachments and equipment. The Company's portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand. The Company's portfolio also includes the upfit of attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The Company also leases fifteen manufacturing and upfit and service facilities located in Iowa, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island. The Company conducts business in two segments: Work Truck Attachments and Work Truck Solutions.

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