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Mayville Engineering Stock Soars 18.84% on Upgraded Earnings Estimates
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 23, 2025 6:40 am ET1min read
On April 23, 2025, Mayville Engineering's stock surged by 18.84% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.
Mayville Engineering's stock has been the subject of various analyst actions and market assessments. Citigroup Inc. recently lowered its price target for the company from $18.00 to $16.00, while maintaining a "buy" rating. This adjustment reflects the analysts' ongoing evaluation of the company's performance and future prospects.
Additionally, the stock's volatility has been noted, with a beta of 0.89, indicating that its price movements are 11% less volatile than the S&P 500. This stability can be seen as a positive factor for risk-averse investors.
The company's earnings estimates have also seen upward revisions, with three analysts increasing their projections for fiscal 2025. This positive sentiment from analysts suggests that
is poised for growth, which could further drive investor interest and stock performance.
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