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Fly News Breaks for February 12, 2018
MTW
Feb 12, 2018 | 06:33 EDT
JPMorgan analyst Ann Duignan downgraded Manitowoc to Underweight and lowered her price target for the shares to $29 from $30. The analyst sees elevated execution risks "given the lack of visibility especially at current valuation." With 80% of the backlog scheduled for first half of 2018 shipment, visibility is limited into second half of the year demand, Duignan tells investors in a research note.
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