Jefferies Downgrades Altra Holdings (AIMC) to Hold

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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, with a 52 week range of $10.12-$27.48.

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