Freedom Broker Upgrades Douglas Dynamics (PLOW) to Buy

Freedom Broker analyst Dmitriy Pozdnyakov upgraded Douglas Dynamics (NYSE: PLOW) from Hold to Buy with a price target of $55.00 (from $48.00).

The analyst comments "Q1 was a clean upside quarter relative to our pre-release expectations. Revenue of $137.8M was well ahead of our $119M estimate, adjusted EBITDA of $16.8M was nearly double our $9M estimate, and adjusted EPS of $0.36 meaningfully exceeded our $0.11 forecast. The key driver was Work Truck Attachments, where record parts and accessories demand followed a materially stronger winter season, while Work Truck Solutions continued to show resilience as municipal strength offset softer commercial demand. Importantly, management raised FY26 guidance early in the year and our updated estimates now sit within the new guidance ranges. We maintain our BUY rating and set our price target of $55"

For an analyst ratings summary and ratings history on Douglas Dynamics click here. For more ratings news on Douglas Dynamics click here.

Shares of Douglas Dynamics closed at $45.29 yesterday.

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