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Fly News Breaks for January 26, 2017
CMCO
Jan 26, 2017 | 14:47 EDT
As previously reported, Sidoti upgraded Columbus McKinnon to Buy from Neutral and raised its price target to $35 from $29. Analyst Joseph Mondillo said the Q3 miss was fueled by low gross margin and seems largely to be an anomaly. He is optimistic on the long-term fundamentals given the cyclically low earnings the core business is bouncing off of and revenue synergies related to recent acquisitions.
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