The Manitowoc Company's Strong Upside Isn't Over

  • The Manitowoc Company, Inc. has rebounded strongly, with shares up 57% since April, outperforming the S&P 500 and justifying my maintained 'buy' rating. Despite recent revenue and profit declines, orders and backlog have sharply improved, signaling a positive shift in business fundamentals. Management's guidance and long-term targets suggest significant revenue and EBITDA growth, driven by global infrastructure and industrial demand.