DA Davidson Takes a Wait-and-See Approach on Columbus McKinnon Corporation (CMCO)
Key takeaways
- On June 15, DA Davidson cut the price target on Columbus Mc Kinnon Corporation (NASDAQ:CMCO) to $17 from $20 and reiterated a Neutral rating.
- The firm further added that the company saw order growth across short-cycle and project activity within the core Columbus McKinnon business.
- During its latest earnings call, management was quite optimistic about the Kito Crosby deal, saying that the combination has already started to contribute meaningfully to improved performance.
DA Davidson Takes a Wait-and-See Approach on Columbus Mc Kinnon Corporation (CMCO) Rameen Kasana Tue, June 23, 2026 at 10:36 PM GMT+7 2 min read CMCO Columbus Mc Kinnon Corporation (NASDAQ:CMCO) is among the best low priced stocks to get rich in 2026. On June 15, DA Davidson cut the price target on Columbus Mc Kinnon Corporation (NASDAQ:CMCO) to $17 from $20 and reiterated a Neutral rating. The firm has reduced its FY27/FY28 forecasts, while updating the model to better reflect a weakened operational outlook and elevated interest expenses after the KC acquisition.
The firm further added that the company saw order growth across short-cycle and project activity within the core Columbus McKinnon business. DA Davidson will continue to adopt a wait-and-see approach on the collaboration and the company’s notable leverage.
During its latest earnings call, management was quite optimistic about the Kito Crosby deal, saying that the combination has already started to contribute meaningfully to improved performance. Moreover, management sounded particularly confident about the underlying demand in the US.