Dougherty & Co Downgrades Tennant Company (TNC) to Neutral

January 14, 2013 10:31 AM EST
Get Alerts TNC Hot Sheet
Price: $65.70 -1.65%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Dougherty & Co downgraded Tennant Company (NYSE: TNC) from Buy to Neutral.

The firm cited valuation after the 25% run-up over the last two months. In addition continued economic uncertainties, particularly in Europe, suggests upside to FY13 estimates is unlikely.

For an analyst ratings summary and ratings history on Tennant Company click here. For more ratings news on Tennant Company click here.

Shares of Tennant Company closed at $44.69 yesterday.

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