M Partners Maintain Buy Rating, $36.25 PT on Titan Machinery

In a report released earlier today, M Partners maintained their Buy rating and $36.25 price target on Titan Machinery Incorporated (NASDAQ: TITN).

M Partners went on to say in the report, “If Titan was to follow a similar growth strategy as it did post IPO in the US, it is quite conceivable that Titan will have 50 to 60 dealership locations outside of the US within 4 to 5 years. That type of expansion through acquisitions and new store openings would significantly enhance the earnings of the company and provides significant upside to our valuation.”

Titan Machinery Incorporated closed on Friday at $28.20.