Mayville Engineering Company, Inc. (NYSE:MEC) is among the best small company stocks to invest in. On Tuesday, analysts at DA Davidson began coverage of Mayville Engineering Company, Inc. (NYSE:MEC) with a Buy rating and a price target of $23.00, reflecting a potential upside of over 50% from the current levels. This optimism is attributed to the company’s strong footing in the fabricating truck and machinery components market.
As the financial services firm highlighted, Mayville Engineering Company, Inc. (NYSE:MEC) has positioned itself as the “clear leader in its industry.” From the latest acquisitions to the implementation of an updated business model, this small-cap company is clearly winning over investor confidence.
A close-up of a heavy-duty machining tool forming a steel component.
Just recently, Mayville Engineering Company, Inc. (NYSE:MEC) announced the acquisition of Accu-Fab from Tide Rock Holdings worth $140.5 million. While the transaction will be completed during the third quarter, Mayville Engineering has already begun to diversify its portfolio and enter high-growth end markets.
Mayville Engineering Company, Inc. (NYSE:MEC) is a Wisconsin-based manufacturing partner providing a range of services, including designing, developing, and assembling. The company provides engineered components to original equipment manufacturers. Founded in 1945, the giant serves a diverse end market, mainly duty commercial vehicles, agriculture, power sports, and military.
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