Bank of America has revised its price target for Titan America (TTAM, Financial), lowering it from $15.50 to $14. The decision comes as the firm maintains a Neutral rating on the stock. Analysts point to a tough landscape in the Machinery, Engineering & Construction, and Waste sectors, where the upcoming earnings season could prompt companies to either reduce guidance due to prevailing uncertainties or risk appearing disconnected from current market conditions.
The financial institution highlights a strategic shift, prioritizing services like aggregates, rentals, and waste management over original equipment manufacturers within these sectors. This adjustment in strategy coincides with the reduction of price targets for companies in these segments, as analysts brace for the impact of potential guidance cuts or misaligned market perceptions.
