Cranes

President Joe Biden‘s administration is set to invest billions of dollars in the domestic production of cargo cranes to replace those made in China, citing potential national security risks. What Happened: The Biden administration is concerned that the widespread use of Chinese-made cranes...

Manitowoc Company Inc (NYSE: MTW) announced a one-for-four reverse stock split in September, prompting some analysts to revisit their thesis. The Analyst Seaport Global Securities' Michael Shlisky upgraded Manitowoc's stock rating from Neutral to Buy with a price target raised from a...

Shares of Manitowoc Company Inc (NYSE: MTW) were lower by nearly 15 percent during Thursday's pre-market session. The company reported Wednesday afternoon that it is seeing a "deteriorating" demand environment in Middle East and Asia Cranes segment. Analysts at Baird and...