Jefferies Downgrades Altra Holdings (AIMC) to Hold
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Price: $61.98 --0%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 25
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 25
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Jefferies downgraded Altra Holdings (NASDAQ: AIMC) from Buy to Hold with a price target of $21 (down from $25).
The firm comments, "We are lowering our investment rating to HOLD from BUY. 4Q11 EPS were 25% short of expectations on margin weakness. We saw poor execution and are disappointed in 2012 guidance."
FY12 EPS was cut from $1.66 to $1.53.
For an analyst ratings summary and ratings history on Altra Holdings click here. For more ratings news on Altra Holdings click here.
Shares of Altra Holdings closed at $20.55 yesterday.
The firm comments, "We are lowering our investment rating to HOLD from BUY. 4Q11 EPS were 25% short of expectations on margin weakness. We saw poor execution and are disappointed in 2012 guidance."
FY12 EPS was cut from $1.66 to $1.53.
For an analyst ratings summary and ratings history on Altra Holdings click here. For more ratings news on Altra Holdings click here.
Shares of Altra Holdings closed at $20.55 yesterday.
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