Federal Signal (FSS) Tops Q4 EPS by 3c; Will Acquire Joe Johnson Equipment in ~$79M Deal

Go back to Federal Signal (FSS) Tops Q4 EPS by 3c; Will Acquire Joe Johnson Equipment in ~$79M Deal

Seaport Global Securities Downgrades Federal Signal (FSS) to Accumulate

March 1, 2016 9:14 AM EST

Seaport Global Securities downgraded Federal Signal (NYSE: FSS) from Buy to Accumulate with a price target of $14.00 (from $20.00).

Analyst Walt Liptak commented, "The 2016 outlook deteriorated due to the company's indirect O&G sector exposure. The company's sales mix of O&G is only... More