TNC - Tennant Company Cleaned Up Nicely (Rating Downgrade)
2024-04-09 15:53:29 ET
Summary
- Tennant Company has experienced significant upside in its stock price over the past year, outperforming the S&P 500.
- The company has shown strong fundamental performance, with increasing revenue, profits, and cash flows.
- Despite its positive outlook and healthy financials, shares of Tennant Company are now considered fairly valued, leading to a downgrade to a 'hold' rating.
In an ideal world, investments that we make would appreciate quickly, allowing us to sell out and look for opportunities for additional gains. The shorter the time is between the time we purchase and the time we can justify selling, the better. Unfortunately, the world is not perfect. And investors make mistakes. In most cases, you should be prepared to hold for a couple of years. But every once in a while, our timing is lucky enough that significant upside can be captured in that short window of time. And one good example that I could point to regarding this is Tennant Company ( TNC )....
Tennant Company Cleaned Up Nicely (Rating Downgrade)