UPDATE: BMO Capital Markets Reiterates Outperform Rating, Raises PT on Manitowoc Company

In a report published Monday, BMO Capital Markets reiterated its Outperform rating on Manitowoc Company (NYSE: MTW ), and raised its price target from $18.00 to $23.00. BMO Capital Markets noted, “Manitowoc reported 4Q12 GAAP EPS of $0.26, including discontinued operations ($0.01), early extinguishment of debt ($0.03), restructuring expense ($0.06),