Rosenblatt Starts Altra Holdings (AIMC) at Neutral

April 28, 2020 7:05 AM EDT
Get Alerts AIMC Hot Sheet
Price: $62.45 +2.60%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 19
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Rosenblatt analyst Scott Graham initiates coverage on Altra Holdings (NASDAQ: AIMC) with a Neutral rating.

Te analyst comments "Following an elongated period of pedestrian earnings, management implemented a series of strategies back in 2014 which forged a positive inflection in results. Then, the transformational acquisition of the A&S division of FTV in late-2018 brought with it potential for further improvement in operating performance. But that potential is on hold. Last year, weakness in key verticals left earnings flat. This year, with a recession upon us, most of AIMC's verticals are weak and we're expecting a 40% decline in earnings. With leverage above-average, we see little upside in the stock."

For an analyst ratings summary and ratings history on Altra Holdings click here. For more ratings news on Altra Holdings click here.

Shares of Altra Holdings closed at $21.32 yesterday.

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