Cantor Fitzgerald raised the firm's price target on Custom Truck One Source to $13 from $11 and keeps an Overweight rating on the shares. Investor meetings with Custom Truck One Source management reinforced a constructive view that the company is entering an execution phase, with improving rental fundamentals, strong utility transmission demand, clearer segment reporting, and normalizing capex expected to support more durable free cash flow generation and ongoing deleveraging, the analyst says in a research note.
