Madison Air price target lowered to $46 from $47 at Wells Fargo
Wells Fargo analyst Zachary Schechtman lowered the firm's price target on Madison Air to $46 from $47 and keeps an Overweight rating on the shares. The firm cites improved revenue outlook on better data center growth, which it now forecasts to grow about 60% year-over-year in 2026 driven by a liquid cooling mix shift. Q2 margins face tariff/mix pressure, but full year expansion holds, Wells adds.
Wells Fargo analyst Zachary Schechtman lowered the firm's price target on Madison Air to $46 from $47 and keeps an Overweight rating on the shares. The firm cites improved revenue outlook on better data center growth, which it now forecasts to grow about 60% year-over-year in 2026 driven by a liquid cooling mix shift. Q2 margins face tariff/mix pressure, but full year expansion holds, Wells adds.