Jefferies Downgrades Harsco Corporation (HSC) to Hold
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Price: $9.15 --0%
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies downgraded Harsco Corporation (NYSE: HSC) from Buy to Hold and lowers their price target from $38 to $33.
The firm states, "We are lowering our investment rating to HOLD from BUY. 2Q11 earnings reflected excessive margin weakness in the largest business which we now expect to continue. Cash flow was weak and is now a concern."
For more ratings news on Harsco Corporation click here and for the rating history of Harsco Corporation click here.
Shares of Harsco Corporation closed at $27.83 yesterday.
The firm states, "We are lowering our investment rating to HOLD from BUY. 2Q11 earnings reflected excessive margin weakness in the largest business which we now expect to continue. Cash flow was weak and is now a concern."
For more ratings news on Harsco Corporation click here and for the rating history of Harsco Corporation click here.
Shares of Harsco Corporation closed at $27.83 yesterday.
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