Dresser-Rand Group (DRC) Misses Q2 EPS by 2c

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UPDATE: Global Hunter Securities Downgrades Dresser-Rand Group (DRC) to Accumulate

August 6, 2014 9:17 AM EDT

(Updated - August 6, 2014 10:14 AM EDT)

Global Hunter Securities downgraded Dresser-Rand Group (NYSE: DRC) from Buy to Accumulate with a price target of $68 (from $71). Analyst Mark Brown noted upstream headwinds.

"We continue to believe that DRC is well positioned for significant growth over the next several years given its... More