Roth/MKM Starts Tennant Company (TNC) at Buy

Roth/MKM analyst Tom Hayes initiates coverage on Tennant Company (NYSE: TNC) with a Buy rating and a price target of $102.00.

The analyst comments: "We are initiating coverage of Tennant Company (TNC) with a Buy, as we see numerous catalysts for it to add to its mid-teens market share in the ~$9B market for mechanized cleaning. We see Tennant capitalizing on its differentiated product portfolio, including autonomous equipment, coupled with an unmatched service offering providing a lasting competitive advantage. Factoring in Tennant's under-leveraged balance sheet that provides flexibility and supports internal and external investments, we view shares Tennant as meaningfully undervalued."

For an analyst ratings summary and ratings history on Tennant Company click here. For more ratings news on Tennant Company click here.

Shares of Tennant Company closed at $81.21 yesterday.

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