Manitowoc: A Big Lift from Global Growth

Standard & Poor's likes the crane maker's efforts to boost its business in emerging markets and rates the shares a strong buy

Based on our belief that the construction markets served by equipment manufacturer Manitowoc (MTW; recent stock price 45) will remain vigorous for some time to come, we think the company will continue to post solid gains in sales, profits, and free cash flow in the next few years. We think the company will be particularly helped by its recent efforts to address emerging markets.

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