Great Lakes Dredge & Dock (GLDD) Reports Q2 Loss Per Share of $0.03; Strategic Review Process Concluded

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Imperial Capital Downgrades Great Lakes Dredge & Dock (GLDD) to In-Line

August 8, 2016 7:36 AM EDT

Imperial Capital downgraded Great Lakes Dredge & Dock (NASDAQ: GLDD) from Outperform to In-Line with a price target of $4.00 (from $5.50).

Analyst Scott Levine commented, "While we think GLDD should benefit from a multi-year uplift in marine construction activity, we await evidence... More