BUZZ-D.A. Davidson downgrades Shyft Group rating to 'neutral', cuts PT** D.A. Davidson downgrades rating for specialty vehicle manufacturer Shyft Group SHYF.O to "neutral" from "buy"
** Cuts stock PT to $15 from $18, which is a 7% upside from the stock's last close
** "We view some elevated execution risks such as multi-continent merger of equals currently without a CFO and combined company having profit margins below many peers" - brokerage
** SHYF and Switzerland-based Aebi Schmidt would merge in an all-stock deal
** One of four brokerages rates stock "buy" and three as "hold"; their median PT is $15, according to data compiled by LSEG
** Up to the last close, stock up 14.73% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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