Graham downgraded to Market Perform from Outperform at Northland
Northland downgraded Graham (GHM) to Market Perform from Outperform with a price target of 71. While positive on the acquisition of FlackTek, a producer of proprietary material processing solutions, the firm thinks the stock is nearing full value. When combining this with management’s signaling that orders decelerate to about 209M in the first half, the firm thinks “a better entry could emerge,” the analyst tells investors. Published first on TheFly – ...