Manitowoc (MTW) Shares Soar 1.86% on UBS Price Target Hike

Manitowoc (MTW) shares surged 1.86% today, reaching their highest level since February 2025 with an intraday gain of 2.92%.

The strategy of buying MTW shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.46% annualized return and a 21.46% peak-to-trough gain. However, it underperformed the market, as evidenced by the 2.54% annualized return and 22.29% peak-to-trough gain of the S&P 500. The strategy's beta of 1.21 indicates it was slightly more volatile than the market. Overall, while the strategy provided a decent return, it carried moderate volatility and did not keep up with the broader market's performance.

UBS has recently increased its price target for Manitowoc (MTW) shares, raising it from $9 to $11. This adjustment, while maintaining a Neutral stance on the stock, could potentially influence investor perception and trading decisions regarding MTW. The revised price target reflects a more optimistic outlook on the company's future performance, which may attract more investors and drive up the stock price.