Morgan Stanley Raises Cargotec (OTCMKTS:CYJBF) Price Target to €52.00

Cargotec (OTCMKTS:CYJBF) had its price target increased by research analysts at Morgan Stanley from €50.00 ($56.82) to €52.00 ($59.09) in a research report issued on Thursday, The Fly reports.

Shares of Cargotec stock opened at $50.59 on Thursday. The company has a fifty day moving average price of $54.32 and a 200 day moving average price of $55.47. Cargotec has a twelve month low of $49.38 and a twelve month high of $60.33.

Cargotec Company Profile

Cargotec Oyj provides cargo handling solutions and services. It operates through the following business segments: Kalmar, Hiab, and MacGregor. The Kalmar segment offers industry shaping, eco-efficient cargo handling equipment and automated terminal solutions, software, and support services. The Hiab segment area comprises of oader cranes, truck mounted forklifts, forestry and recycling cranes, hooklifts, and skiploaders, as well as tail lifts.

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