Titan International Inc (TWI)

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Titan International could rise 20%: Barron's

Jan 11 2014, 19:59

"Rubber prices are likely to stabilize this year, and demand among construction customers could improve," David Englander writes, predicting a rebound in beaten down shares of Titan International (TWI).

With TWI trading at just 5X EV/EBITDA, it shouldn't "take much improvement" in the operating environment to spark a recovery, Barron's notes.

As for the company's perspective, management reportedly believes "a turn in demand [for the construction business] is near as customers' inventory levels are worked down."

"Spinning off or selling the mining business also could help TWI's fortunes," Englander notes.