Hyster-Yale Materials Handling (HY) Tops Q3 EPS by 23c

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UPDATE: Global Hunter Securities Downgrades Hyster-Yale (HY) to Neutral

October 31, 2014 7:47 AM EDT

(Updated - October 31, 2014 9:30 AM EDT)

Global Hunter Securities downgraded Hyster-Yale Materials Handling (NYSE: HY) from Spec. Buy to Neutral with a price target of $81 (from $88). Analyst Michael Shlisk expects flattish near-term growth.

"We are reducing our rating on HY to Neutral, from Speculative Buy, after the stock moved within 10% of our prior price target; in... More