Federal Signal (FSS) Tops Q2 EPS by 5c, Offers Guidance

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DA Davidson Downgrades Federal Signal (FSS) to Neutral, 'New growth catalysts may eventually turn us positive again'

July 31, 2023 7:37 AM EDT

DA Davidson analyst Michael Shlisky downgraded Federal Signal (NYSE: FSS) from Buy to Neutral with a price target of $66.00 (from $68.00).

The analyst comments "We are downgrading FSS to NEUTRAL (from BUY), with a new price target of $66 (from $68) following 2Q:23 earnings. There was... More