The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Titan Machinery Inc is $25.00, about 32.9% above its August 26 closing price of $18.81
Result drivers and key details
INVENTORY ACTIONS - Co said reductions in aged inventory and improved inventory health drove higher equipment margins and lifted gross margin
SOFT AGRICULTURE DEMAND - Co said Agriculture segment revenue fell due to softer equipment demand, citing continued pressure on grower profitability
EUROPE SEGMENT DECLINE - Co said Europe segment revenue dropped due to wind-down of German operations and lower equipment demand after prior-year EU stimulus in Romania
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