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Fly News Breaks for February 23, 2020
VMI
Feb 23, 2020 | 21:48 EDT
Stifel analyst Nathan Jones downgraded Valmont Industries to Hold from Buy with a price target of $137, down from $168. The analyst no longer believes his previous positive thesis on the shares is valid. Execution missteps and "significant, unexpected" losses in the company's Access Systems business make a Buy rating no longer justified, Jones tells investors in a research note.
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