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JPMorgan upgraded Manitowoc (NYSE:MTW) from Underweight to Neutral in a report released today.

Yesterday Manitowoc (NYSE:MTW) traded -0.04% lower at $7.95. The company’s 50-day moving average is $6.39 and its 200-day moving average is $6.09. The last closing price is up 30.53% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 307,314 shares of the stock traded hands, down from an average trading volume of 1,618,550

JPMorgan has upgraded Manitowoc (NYSE:MTW) from Underweight to Neutral in a report released on Thursday August 17, 2017.

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Manitowoc (NYSE:MTW)

Manitowoc has a 52 week low of $3.65 and a 52 week high of $8.40 The company’s market cap is currently $0.

In addition to JPMorgan reporting its stock price target, a total of 14 brokers have issued a research note on the company. The average stock price target is $5.75 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 15 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Manitowoc (NYSE:MTW)

The Manitowoc Company, Inc. is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name. It designs and manufactures mobile telescopic cranes, which it sells under the Grove brand name and a line of hydraulically powered telescopic boom trucks, which it sells under the National Crane brand name. It also provides crane product parts and services and crane rebuilding, remanufacturing and training services, which are delivered under the Manitowoc Crane Care brand name. Its crane products are used in a range of applications, including energy production/distribution and utilities, petrochemical and industrial projects, and infrastructure applications.

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