Zacks Upgrades Tower International to “Outperform” (TOWR)
Tower International (NASDAQ:TOWR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, American Banking News reports. The firm currently has a $23.90 target price on the stock. Zacks‘ target price indicates a potential upside of 17.04% from the company’s current price.
Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Tower International from $24.00 to $25.00 in a research note to investors on Tuesday, July 23rd. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Tower International currently has an average rating of “Hold” and an average price target of $23.63.
Tower International (NASDAQ:TOWR) traded up 1.32% during mid-day trading on Monday, hitting $20.69. The stock had a trading volume of 91,045 shares. Tower International has a one year low of $6.00 and a one year high of $23.93. The stock’s 50-day moving average is $20. and its 200-day moving average is $19.45. The company’s market cap is $422.6 million.
Tower International, Inc is an integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers (NASDAQ:TOWR).
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