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Fly News Breaks for August 12, 2019
MTW
Aug 12, 2019 | 08:31 EDT
As reported previously, Baird analyst Mig Dobre downgraded Manitowoc to Neutral from Outperform. The analyst cited external factor such as slowing demand and pressure on backlog and earnings. He said he is moving to the sidelines for now but if he sees signs of demand stabilization he will be looking to reengage. Dobre lowered his price target to $19 from $22 on Manitowoc shares.
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