Northcoast sees ‘attractive entry point,’ starts Tennant with a Buy

As previously reported, Northcoast analyst Aaron Reed initiated coverage of Tennant (TNC) with a Buy rating and $125 price target Tennant is “well-positioned” for earnings growth and strong cash flow going into 2025 and expected to accelerate into 2026, the analyst tells invesors. Tennant’s ability to consolidate market share in a fragmented industrial cleaning equipment market “makes a compelling investment opportunity,” the analyst added.