Dougherty & Co Downgrades Astec Industries (ASTE) to Neutral

Dougherty & Co downgraded Astec Industries (NASDAQ: ASTE) from Buy to Neutral.

Analyst Jon Fisher comments "We suspect the stock becomes at risk of tax loss selling as we move later into the year to offset gains in most other stocks in investors' portfolios. This scenario would also act as a performance inhibitor."

For an analyst ratings summary and ratings history on Astec Industries click here. For more ratings news on Astec Industries click here.

Shares of Astec Industries closed at $50.92 yesterday.

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