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Fly News Breaks for March 10, 2016
MFS, MTW, MNK
Mar 10, 2016 | 07:16 EDT
Jefferies removed Mallinckrodt (MNK), Manitowoc (MTW) and Manitowoc Foodservice (MFS) from its Franchise Pick list. Mallinckrodt shares may not reflect the value of the company's portfolio in the near term given the current climate surrounding specialty pharmaceutical companies, the firm tells investors in a research note. It keeps a Buy rating on the name.
News For MNK;MTW;MFS From the Last 2 Days
MTW
Apr 16, 2024 | 07:25 EDT
JPMorgan lowered the firm's price target on Manitowoc to $15 from $17 and keeps a Neutral rating on the shares ahead of the Q1 report. Construction data points are mixed, but demand commentary from manufacturers is generally optimistic, the analyst tells investors in a research note. The firm says a weak Europe and growing price-competition "set up for an uninspiring" fiscal 2024 for Manitowoc.
