U.S. stocks steady; Cook’s dismissal, Nvidia earnings in spotlight
Investing.com - DA Davidson raised its price target on Douglas Dynamics (NYSE:PLOW) to $39.00 from $35.00 on Friday, while maintaining a Buy rating on the snow and ice control equipment manufacturer. The stock, which has gained over 27% in the past six months, currently trades near its 52-week high of $32.41 and offers a 3.69% dividend yield, having maintained dividend payments for 16 consecutive years.
The price target increase follows meetings between investors and Douglas Dynamics management in the Mid-Atlantic region, which included CEO Mark Van Genderen and CFO Sarah Lauber.
DA Davidson noted "largely positive" takeaways from the meetings, indicating earnings are expected to increase going forward, barring weather-related impacts.
The research firm highlighted management’s bullish outlook on most areas of the company’s Solutions business, where backlogs remain robust.
Douglas Dynamics also shared information about new cross-business collaboration efforts and cultural improvement initiatives implemented in recent quarters, which contributed to DA Davidson’s more optimistic outlook.
In other recent news, Douglas Dynamics, Inc. reported its second-quarter 2025 earnings, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $1.14, surpassing the projected $1.00. Additionally, Douglas Dynamics reported revenue of $194.3 million, outperforming the expected $189.47 million. These results highlight the company’s strong performance in the quarter. Analysts had anticipated lower figures, making the actual results noteworthy for investors. The earnings announcement included details that may influence future analyst assessments. While specific stock price movements are not detailed here, the company’s financial results are likely to impact investor sentiment. These recent developments provide a factual overview of Douglas Dynamics’ financial achievements for the quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.