DA Davidson cuts Miller Industries stock price target on chassis delays
Investing.com ·
DA Davidson cuts Miller Industries stock price target on chassis delays
Investing.com - DA Davidson lowered its price target on Miller Industries (NYSE:MLR) to $54 from $64 while maintaining a Buy rating on the shares.
The firm cited third-quarter 2026 results that fell short of expectations, primarily due to chassis delays and unexpected shutdowns in Europe. The analyst noted that the shortfalls reflected timing issues rather than lost sales. The stock currently trades at $45.06 with a market cap of $509.35 million and a P/E ratio of 36.25.
Miller Industries maintained its full-year earnings per share guidance despite the weaker quarterly performance. The company’s 2026 exit rates continue to indicate solid growth prospects for 2027.
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