Imperial Capital Downgrades Great Lakes Dredge & Dock (GLDD) to In-Line

August 8, 2016 7:36 AM EDT
Get Alerts GLDD Hot Sheet
Price: $4.50 --0%

Rating Summary:
    2 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 6 | New: 3
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Imperial Capital downgraded Great Lakes Dredge & Dock (NASDAQ: GLDD) from Outperform to In-Line with a price target of $4.00 (from $5.50).

Analyst Scott Levine commented, "While we think GLDD should benefit from a multi-year uplift in marine construction activity, we await evidence of improvement in its E&I segment, and think its prospects are largely discounted around current levels."

For an analyst ratings summary and ratings history on Great Lakes Dredge & Dock click here. For more ratings news on Great Lakes Dredge & Dock click here.

Shares of Great Lakes Dredge & Dock closed at $3.73 yesterday.

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