Stifel Downgrades Sun Hydraulics (SNHY) to Hold

April 16, 2019 1:36 AM EDT
Get Alerts SNHY Hot Sheet
Price: $44.71 --0%

Rating Summary:
    3 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 26 | New: 45
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Stifel analyst Nathan Jones downgraded Sun Hydraulics (NASDAQ: SNHY) from Buy to Hold with a price target of $51.00.

  • Cites the valuation for the downgrade as the equity spot price surpasses the target price while also noting international demand concerns play a part in the decision to step to the sidelines.
  • "Overall we are somewhat more bearish on the underlying demand picture for the businesses over the last couple of months and with the shares having reached our target price we are moving to the sidelines on the shares for now."

For an analyst ratings summary and ratings history on Sun Hydraulics click here. For more ratings news on Sun Hydraulics click here.

Shares of Sun Hydraulics closed at $51.49 yesterday.

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