Tennant Company Lowers Its Profit Outlook
Cleaning machine specialist Tennant (NYSE: TNC) this week posted a sharp drop in third-quarter earnings as profitability fell below management's plan for the second straight quarter. The results led the company to lower its profit outlook despite expectations for steady, if modest, sales growth.
Here's how the headline figures compared to the prior-year period:
Metric
Source: Fool.com
Tennant Co. Stock
€100.00
1.510%
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As a result the target price of 116 € shows a slightly positive potential of 16.0% compared to the current price of 100.0 € for Tennant Co..
