MEC Similar Chart Price Prediction
The price of MEC is predicted to go up -0.76%, based on the high correlation periods with PDCO. The similarity of these two price pattern on the periods is 95.88%.
MEC
PDCO
Down: -0.76%Similarity: 95.88%
MEC Revenue Forecast
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MEC Analyst's Forecast
Andrew Kaplowitz
Citigroup
Strong Buy
2025-03-06
Price Target
$22 → $18
Upside
+26.67%
Citi analyst Andrew Kaplowitz lowered the firm's price target on Mayville Engineering to $18 from $22 and keeps a Buy rating on the shares post the Q4 report. The results came below expectations due to softness in demand and inventory destocking across key end-markets, pressuring margins, the analyst tells investors in a research note. Citi thinks Mayville's proactive cost measures should help offset near-term softness until a recovery in end market demand.
Ted Jackson
Northland Capital Markets
Buy → Hold
2024-11-07
Price Target
$30 → $20
Upside
+21.51%
