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Fly News Breaks for October 20, 2016
MTW
Oct 20, 2016 | 09:12 EDT
Seaport Global analyst Michael Shlisky downgraded Manitowoc to Neutral saying the Q3 preannouncement last night indicates the challenging crane cycle is more significant than previously thought. The analyst lowered his price target on Manitowoc to $5 from $6 and prefers to see a least a modest amount of stability in the market before turning constructive on shares.
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