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DA Davidson Maintains Buy on Miller Industries, Raises Price Target to $64

BenzingaAug 10, 2026, 7:16 PMBenzinga Newsdesk

DA Davidson analyst Michael Shlisky maintains Miller Industries (NYSE:MLR) with a Buy and raises the price target from $56 to $64.

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benzinga
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Aug 10, 2026, 7:16 PM
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Aug 10, 2026, 7:16 PM
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  1. The Motley FoolAug 13, 2026, 12:11 AMMotley Fool Transcribing

    Miller Industries (MLR) Q2 2026 Earnings Call Transcript

    Miller Industries reported Q2 2026 revenue of $240 million (up 12.1% YoY) with net income of $7.3 million. The company reaffirmed full-year guidance of $850-900 million in revenue and mid-13% gross margins. Military commitments surpassed $200 million with production beginning in 2027. The company reduced debt by $20 million and announced a $100 million capacity expansion in Tennessee. However, management expressed low confidence in near-term domestic market growth due to geopolitical tensions and fuel price volatility.

    Read original at the-motley-fool