Miller Industries Faces Ongoing Activist Investor Campaign, Analyst Adds Tow Truck Company To STAMPEDE List
Miller Industries Faces Ongoing Activist Investor Campaign, Analyst Adds Tow Truck Company To STAMPEDE List
Shares of Miller Industries Inc (NYSE:MLR) have risen almost 48% year to date.
Miller Industries股票（紐交所：MLR）的股價今年迄今上漲了近48%。
The company has been added to the STAMPEDE list due to the ongoing activism campaign, according to DA Davidson.
由於持續進行的活躍主義運動，該公司已被添加到STAMPEDE名單中，根據DA Davidson。
Analyst Michael Shlisky initiated coverage of Miller Industries with a Buy rating and price target of $82.
分析師Michael Shlisky開始覆蓋Miller Industries，評級爲買入，目標價爲82美元。
The Miller Industries Thesis: The activist has asked Miller Industries to consider several changes to its board and business practices as well as deliberate on an outright sale of the company, Shlisky said in the initiation note.
Miller Industries論點：在初次評級的說明中，Shlisky表示，這位激進份子要求Miller Industries考慮對其董事會和業務實踐進行若干改變，以及審慎考慮公司的徹底出售。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The company has made a few important changes, including a dividend hike and a new share buyback authorization, he added.
他補充說，該公司已經進行了一些重要變化，包括提高股息和新的股票回購授權。
STAMPEDE is an acronym that stands for:
STAMPEDE是一個首字母縮略詞，代表着：
- Spin-Offs
- Take-Outs
- Activists
- Management Change
- Portfolio Restructuring
- Excess Cash
- Disruptive Regulatory Risk
- Equity/Debt Recapitalizations.
- 分拆
- 外賣服務
- 激進分子
- CSE：QIMC（"Corp）
- 投資組合重組
- 多餘現金
- 顛覆性監管風險
- 股權/債務重組
Companies on this list "often reflect untapped value," the analyst wrote.
這份名單上的公司「通常反映出未開發的價值」，分析師寫道。
"Thus far, MLR's plan has worked, with growth now expected in the low-double[1]digits this year and the stock up ~25% in the six months since the activist's letter," he further wrote.
「到目前爲止，MLR的計劃已經奏效，預計今年增長將達到兩位數，並且自激進分析師的來信以來，股價已上漲約25%，」他進一步寫道。
Even if the activist decides to walk away, "the downside to the stock price could be minimal," Shlisky said.
即使激進分析師決定撤離，「股價的下跌可能會很少」，Shlisky說。
MLR Price Action: Shares of Miller Industries had risen by 5.47% to $63.20 at the time of publication on Wednesday.
MLR價格走勢：Miller Industries的股票在週三出版時上漲了5.47%，至63.20美元。
Read More:
閱讀更多：
- Best Beer Stocks Right Now
- 目前最佳的啤酒股票
譯文內容由第三人軟體翻譯。
