KeyBanc Analysts Take a Bow and Downgrade Robbins & Myers (RBN) to Hold

August 10, 2012 7:55 AM EDT
Get Alerts RBN Hot Sheet
Price: $59.99 --0%

Rating Summary:
    2 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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KeyBanc downgraded Robbins & Myers (NYSE: RBN) from Buy to Hold following a recent run-up in share prices.

"After yesterday's outperformance we see RBN as fully valued with shares reaching our $58 price target," said analyst Jeffrey D. Hammond.

The run-up follows the announcement that RBN has agreed to be acquired by National Oilwell Varco.

For an analyst ratings summary and ratings history on Robbins & Myers click here. For more ratings news on Robbins & Myers click here.

Shares of Robbins & Myers closed at $59.63 yesterday.

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