Shyft Shares Shoot Higher After 2Q Results Bring Bullish Sentiments

Dow Jones07-30

By Dean Seal

Shares of Shyft Group jumped after the company's strong second-quarter earnings turned D.A. Davidson analysts bullish on the stock.

The stock was up 13% at $15.63 in premarket trading. Shares have now gained 28% since the start of the year.

The specialty vehicle maker's shares were rising last week after it reported higher-than-expected quarterly earnings. The rally was extended after Davidson analysts said Monday morning that Shyft could be entering a long and rapid growth phase in its vocational trucks business.

The analysts said super duty chassis production in the first half of the year reached its highest level since 2007, which could translate to strong trends in Shyft's near future.

The company's acquisition of ITU, a Midwest-based vocational-truck upfitter, is also looking like a potential home run, the Davidson analysts said.

They note too that Shyft's more challenged end-markets appear to be bottoming. The analysts upgraded the stock to a buy rating and set a new price target of $18, up from $12.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 29, 2024 13:29 ET (17:29 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2455269961?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-30 01:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2455269961","market":"hk","top_or_hot":-1,"title":"Shyft Shares Shoot Higher After 2Q Results Bring Bullish Sentiments","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Shyft Group jumped after the company's strong second-quarter earnings turned D.A. Davidson analysts bullish on the stock. \n</p>\n<p>\n  The stock was up 13% at $15.63 in premarket trading. Shares have now gained 28% since the start of the year. \n</p>\n<p>\n  The specialty vehicle maker's shares were rising last week after it reported higher-than-expected quarterly earnings. The rally was extended after Davidson analysts said Monday morning that Shyft could be entering a long and rapid growth phase in its vocational trucks business. \n</p>\n<p>\n  The analysts said super duty chassis production in the first half of the year reached its highest level since 2007, which could translate to strong trends in Shyft's near future. \n</p>\n<p>\n  The company's acquisition of ITU, a <a href=\"https://laohu8.com/S/MDWT\">Midwest</a>-based vocational-truck upfitter, is also looking like a potential home run, the Davidson analysts said. \n</p>\n<p>\n  They note too that Shyft's more challenged end-markets appear to be bottoming. The analysts upgraded the stock to a buy rating and set a new price target of $18, up from $12. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 29, 2024 13:29 ET (17:29 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shyft Shares Shoot Higher After 2Q Results Bring Bullish Sentiments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShyft Shares Shoot Higher After 2Q Results Bring Bullish Sentiments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-30 01:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Dean Seal \n\n\n \n\n\n  Shares of Shyft Group jumped after the company's strong second-quarter earnings turned D.A. Davidson analysts bullish on the stock. \n\n\n  The stock was up 13% at $15.63 in ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHYF","symbol_name":"The Shyft Group, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2455269961","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455269961","pubTimestamp":1722274140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Shyft Group jumped after the company's strong second-quarter earnings turned D.A. Davidson analysts bullish on the stock.The stock was up 13% at $15.63 in premarket trading. Shares have now gained 28% since the start of the year.The specialty vehicle maker's shares were rising last week after it reported higher-than-expected quarterly earnings. The rally was extended after Davidson analysts said Monday morning that Shyft could be entering a long and rapid growth phase in its vocational trucks business.The analysts said super duty chassis production in the first half of the year reached its highest level since 2007, which could translate to strong trends in Shyft's near future.The company's acquisition of ITU, a Midwest-based vocational-truck upfitter, is also looking like a potential home run, the Davidson analysts said.They note too that Shyft's more challenged end-markets appear to be bottoming. The analysts upgraded the stock to a buy rating and set a new price target of $","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SHYF":"The Shyft Group, Inc.","BK4149":"建筑机械与重型卡车"},"translate_title":"第二季度业绩带来看涨情绪后，Shyft股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHYF":0.9},"content_text":"By Dean Seal \n\n\n \n\n\n  Shares of Shyft Group jumped after the company's strong second-quarter earnings turned D.A. Davidson analysts bullish on the stock. \n\n\n  The stock was up 13% at $15.63 in premarket trading. Shares have now gained 28% since the start of the year. \n\n\n  The specialty vehicle maker's shares were rising last week after it reported higher-than-expected quarterly earnings. The rally was extended after Davidson analysts said Monday morning that Shyft could be entering a long and rapid growth phase in its vocational trucks business. \n\n\n  The analysts said super duty chassis production in the first half of the year reached its highest level since 2007, which could translate to strong trends in Shyft's near future. \n\n\n  The company's acquisition of ITU, a Midwest-based vocational-truck upfitter, is also looking like a potential home run, the Davidson analysts said. \n\n\n  They note too that Shyft's more challenged end-markets appear to be bottoming. The analysts upgraded the stock to a buy rating and set a new price target of $18, up from $12. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 29, 2024 13:29 ET (17:29 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455269961"}