Shares of Custom Truck One Source Inc (CTOS) surged 5.15% in Wednesday's trading session, following a bullish analyst report from D.A. Davidson. The stock's significant upward movement came after analyst Michael Shlisky maintained a Buy rating on CTOS with a price target of $8.50.

The positive sentiment from D.A. Davidson appears to have sparked investor enthusiasm, driving the stock higher. The $8.50 price target suggests potential upside for CTOS shares, which likely contributed to the increased buying pressure observed in the market.

While specific details of the analyst report were not immediately available, the maintenance of a Buy rating indicates confidence in Custom Truck One Source's business prospects and future performance. Investors often look to analyst ratings and price targets as indicators of a stock's potential, and this positive outlook seems to have resonated with market participants.