Manitowoc (MTW) volatility flat into Goldman

May 22, 2012 7:50 AM EDT
Manitowoc (NYSE: MTW) was upgraded to Buy from Neutral at Goldman Sachs on valuation, improving U.S. crane demand, and recurring revenues. Overall option implied volatility of 61 is near its 26-week average of 63 according to Track Data, suggesting non-directional price movement.


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