KeyBanc Downgrades Dresser-Rand Group (DRC) to Hold

KeyBanc downgraded Dresser-Rand Group (NYSE: DRC) from Buy to Hold and removed its price target (prior $80.00).

Analyst Robin Shoemaker said, "We have lowered our rating on DRC to HOLD from BUY to reflect the limited upside remaining in the shares, relative to the cash offer of $83/share from Siemens."

For an analyst ratings summary and ratings history on Dresser-Rand Group click here. For more ratings news on Dresser-Rand Group click here.

Shares of Dresser-Rand Group closed at $81.97 yesterday.

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