Actuant Corporation (ATU) Misses Q1 EPS by 4c; Guides FY15 EPS Below Views

Go back to Actuant Corporation (ATU) Misses Q1 EPS by 4c; Guides FY15 EPS Below Views

Jefferies Downgrades Actuant (ATU) to Hold

December 19, 2014 6:47 AM EST

Jefferies downgraded Actuant (NYSE: ATU) from Buy to Hold with a price target of $30.00 (from $35.00) following a Q1 miss and lower outlook.

Analyst R. Scott Graham comments, "Following another tepid quarter and reduced outlook, we are lowering our rating to Hold... More