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Seaport Global announced Manitowoc Company (NYSE:MTW), bumping up its stock price target to $48.00 today

In a report released on 11/20/2017 Seaport Global increased the stock price target of Manitowoc Company (NYSE:MTW) to $48.00 reporting a possible upside of 0.18%.

Previously on 11/01/2017, RBC Capital Markets reported on Manitowoc Company (NYSE:MTW) increased the target price from $7.50 to $12.00. At the time, this indicated a possible upside of 0.20%.

Just yesterday Manitowoc Company (NYSE:MTW) traded 4.16% higher at $40.60. Manitowoc Company’s 50-day moving average is $8.87 and its 200-day moving average is $7.02. The last closing price is up 35.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 1,378,808 shares of MTW traded hands, down from an average trading volume of 1,725,370

Recent Performance Chart

Manitowoc Company (NYSE:MTW)

Manitowoc Company has 52 week low of $3.65 and a 52 week high of $9.97 and has a market capitalization of $0.

In addition to Seaport Global 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.

Brief Synopsis On Manitowoc Company (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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