Wells Fargo Downgrades Lufkin Industries (LUFK) to Market Perform; Expects GE Deal to Close
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Price: $88.49 --0%
Rating Summary:
0 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 11
Rating Summary:
0 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 11
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Wells Fargo downgraded Lufkin Industries (NASDAQ: LUFK) from Outperform to Market Perform with a price target of $88.50 (from $78.00 to $83.00) on the expected GE takeover closure.
"At this point, we expect the deal to clear its final major hurdle, shareholder approval, and satisfy all other remaining closing conditions," the analyst said.
For an analyst ratings summary and ratings history on Lufkin Industries click here. For more ratings news on Lufkin Industries click here.
Shares of Lufkin Industries closed at $88.48 yesterday.
"At this point, we expect the deal to clear its final major hurdle, shareholder approval, and satisfy all other remaining closing conditions," the analyst said.
For an analyst ratings summary and ratings history on Lufkin Industries click here. For more ratings news on Lufkin Industries click here.
Shares of Lufkin Industries closed at $88.48 yesterday.
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