Reported 1 day ago
DA Davidson has initiated coverage of Mayville Engineering Company, Inc. (NYSE:MEC) with a Buy rating, setting a price target of $23.00 that suggests over 50% upside potential. The optimism stems from MEC's strong position in the fabrication market and recent acquisitions, including the $140.5 million buyout of Accu-Fab, which positions the company for growth in high-demand sectors.
Source: YAHOO