Kadant (KAI) Tops Q2 EPS by 23c

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Seaport Global Securities Downgrades Kadant Inc. (KAI) to Neutral

August 5, 2016 9:52 AM EDT

Seaport Global Securities downgraded Kadant Inc. (NYSE: KAI) from Accumulate to Neutral with a price target of $58.00.

Analyst Walt Liptak commented, "KAI's 2016 outlook was lowered by management due to weakness in the North American aftermarket parts sales business. KAI's parts... More