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Investing.com - DA Davidson has reiterated its Buy rating and $39.00 price target on Douglas Dynamics (NYSE:PLOW) following the company’s third-quarter 2025 results. Currently trading at $31.67, the stock offers approximately 23% upside to the analyst target, according to InvestingPro data.
The firm cited a "reasonably-positive outlook" in the Attachments segment and "record performance" in the Solutions division as key factors supporting its rating decision. This positive outlook aligns with the company’s strong year-to-date performance, with the stock delivering a 37% total return in 2025.
DA Davidson also highlighted Douglas Dynamics’ return to the M&A market after a nine-year absence, with the company acquiring its first non-snow Attachments business. While described as a small acquisition, the firm noted it is expected to be accretive with additional synergies.
The research firm pointed out that PLOW shares were previously valued above $50 during periods when Attachments trends were favorable and Solutions margins reached record levels, similar to current conditions.
DA Davidson suggested the stock has "plenty of room to run" when considering the combination of positive segment performance and the potential impact of the recent acquisition activity.
In other recent news, Douglas Dynamics reported its financial results for the third quarter of 2025. The company achieved an earnings per share (EPS) of $0.40, slightly exceeding analysts’ expectations of $0.39. However, the revenue for the quarter was $162.1 million, which fell short of the anticipated $163.27 million. Despite this revenue miss, Douglas Dynamics’ performance was described by Freedom Capital Markets as "solid," highlighting consistent operational execution and progress on long-term strategies. Freedom Capital Markets raised its price target for Douglas Dynamics to $39.00 from $38.00 and maintained a Buy rating on the stock. The firm noted the company’s strength in core business segments and disciplined cost control measures. These developments reflect the company’s ongoing efforts to strengthen its market position and operational efficiency.
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