Freedom Broker Upgrades Taylor Devices, Inc. (TAYD) to Buy

Freedom Broker analyst Sergey Glinyanov upgraded Taylor Devices, Inc. (NASDAQ: TAYD) from Hold to Buy with a price target of $70.00 (from $67.00).

The analyst comments "Despite weak FQ4'26 results, we take a more constructive medium-term view on TAYD following a sharp recovery in backlog. Revenue came in roughly 30% below our forecast due to a slower transition of new contracts into production, but record backlog of $52.8mn materially improves visibility into future sales, particularly in defense. We also draw confidence from the company’s historically strong backlog conversion, while a favorable backdrop for Patriot, THAAD, and SM-3 supports further growth. The structural segment remains a headwind, however, amid a weak construction market and potentially intensifying competition. Against this backdrop, we raise our PT from $67 to $70 and upgrade our rating from Hold to Buy."

For an analyst ratings summary and ratings history on Taylor Devices, Inc. click here. For more ratings news on Taylor Devices, Inc. click here.

Shares of Taylor Devices, Inc. closed at $57.70 yesterday.

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