Needham & Co downgrades Cubic (CUB) to Hold

June 18, 2009 9:31 AM EDT

Needham & Co downgrades Cubic (NYSE: CUB) from Buy to Hold.

Cubic Corporation (Cubic), incorporated in 1949, designs, develops, manufactures and installs products, which are electronic in nature, such as equipment for use in customized military range instrumentation, training and applications systems, simulators, communications and surveillance systems, surveillance receivers, power amplifiers, and avionics systems.

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