Twin Disc initiated with a Buy at Lake Street

Lake Street initiated coverage of Twin Disc with a Buy rating and $30 price target. Twin Disc was historically an oil and gas and industrial power transmission company, but a deliberate diversification through three acquisitions since 2018 has reduced O&G to approximately 12% of revenue while building meaningful defense exposure, the analyst tells investors. With the global defense environment intensifying and NATO countries accelerating vehicle and naval procurement, the firm calls this "a secular growth driver still underappreciated by the market."