DA Davidson lowered the firm's price target on Columbus McKinnon to $17 from $20 and keeps a Neutral rating on the shares. The firm is lowering its FY27/FY28 estimates with update to its model to capture a modest reduction in the company's operational outlook and higher interest expenses following the KC acquisition, the analyst tells investors in a research note. Within core Columbus McKinnon business, order growth was experienced across short-cycle and project activity, the firm added.
