KeyBanc Downgrades Gardner Denver Corp. (GDI) to Hold

October 5, 2012 8:00 AM EDT
Get Alerts GDI Hot Sheet
Price: $75.99 --0%

Rating Summary:
    2 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade GDI Now!
Join SI Premium – FREE
KeyBanc downgraded Gardner Denver Corp. (NYSE: GDI) from Buy to Hold. The downgraded reflects KeyBanc’s more cautious view of the drilling pump landscape as well as broader slowing in its industrial businesses globally.

"In addition to choppy demand trends and forward earnings risk, we see shares as range bound until the Company works through its CEO transition and recent management turnover issues," said analyst Jeffrey D. Hammond.

For an analyst ratings summary and ratings history on Gardner Denver Corp. click here. For more ratings news on Gardner Denver Corp. click here.

Shares of Gardner Denver Corp. closed at $61.18 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Downgrades

Related Entities

KeyBanc, Earnings

Add Your Comment