At least one analyst sees Titan Machinery’s ongoing destocking efforts paying off and could restart the dealership group’s merger and acquisition efforts as early as fiscal year 2018.

“A dramatically improved balance sheet, in our view, puts the compa- ny on track for a resumption of its historically successful M&A activity and possibly opportunistic share buy- backs,” Igor Maryasis told investors

in a Jan. 10 note announcing Aegis Capital Corp. is initiating coverage of Titan…