DA Davidson predicts over 50% upside potential for Mayville Engineering Company, Inc.

From Yahoo Finance: 2025-06-21 15:59:00

Mayville Engineering Company, Inc. (NYSE:MEC) is a top small company stock to invest in, with DA Davidson giving a Buy rating and $23 price target, a 50% upside potential. The company’s strength in fabricating truck and machinery components is key to this optimism.

MEC is considered the industry leader due to strategic acquisitions and an updated business model. Recently, MEC acquired Accu-Fab for $140.5 million from Tide Rock Holdings, diversifying its portfolio and entering high-growth markets.

Founded in 1945, MEC is a Wisconsin-based manufacturing partner for OEMs, serving diverse end markets like commercial vehicles, agriculture, power sports, and military. Despite its potential, other AI stocks may offer greater upside potential with less downside risk.

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Read more at Yahoo Finance: DA Davidson Sees Over 50% Upside in Mayville Engineering Company, Inc. (MEC)