Roth Capital lowered the firm's price target on DMC Global to $10 from $12 and keeps a Buy rating on the shares. The company's Q4 print was challenging as macro drivers and tariffs impacted results, but DMC's balance sheet continues to improve and its cyclical businesses should rebound, the analyst tells investors in a research note. Roth adds that DynaEnergetics remains a best-in-class product, with opportunities to partially mitigate tariff headwinds through sourcing and opportunities to expand internationally.
