Stifel Downgrades Gardner Denver Corp. (GDI) to Hold

December 19, 2018 4:26 AM EST
Get Alerts GDI Hot Sheet
Price: $32.79 --0%

Rating Summary:
    12 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 26 | New: 41
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Stifel analyst Nathan Jones downgraded Gardner Denver Corp. (NYSE: GDI) from Buy to Hold with a price target of $24.00 (from $32.00).

The analyst comments "Given the uncertainty in the highly cyclical upstream business and our expectation of slowing growth in China and Europe in 2019, we don't think a Buy rating is appropriate at this time and so are moving to the sidelines on GDI shares."

For an analyst ratings summary and ratings history on Gardner Denver Corp. click here. For more ratings news on Gardner Denver Corp. click here.

Shares of Gardner Denver Corp. closed at $20.60 yesterday.

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