Equities research analysts at Zacks Investment Research upgraded shares of Titan Machinery from a "neutral" rating to an "outperform" rating in a research note to clients and investors.
Titan Machinery Inc. owns and operates a network of agricultural and construction equipment stores in the United States. The company is a retail dealer of Case IH Agriculture equipment and a retail dealer of New Holland Agriculture, Case Construction and New Holland Construction equipment in the United States. The company operates in two segments: Agriculture and Construction. The agricultural equipment, which the company sells and services includes machinery and attachments for uses ranging from large-scale farming to home and garden use. The construction equipment, which it sells and services includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction, and mining. It engages in four principal business activities, which includes new and used equipment sales, parts sales, repair and maintenance services, and equipment rental and other activities.
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