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

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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, with a 52 week range of $31.54-$59.75.

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