DA Davidson lowered the firm's price target on Alamo Group to $188 from $190 and keeps a Neutral rating on the shares. There was something of a reversal in Q1, with Vegetation seeing its first y/y increase in 10 quarters while Industrial growth rates cool off, the analyst tells investors in a research note. The firm adds that other catalysts that could turn it more positive include more solid M&A, both segments growing in tandem again, or a pull-back in the shares.
