KeyBanc Downgrades Federal Signal (FSS) to Hold
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Price: $108.77 -3.2%
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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KeyBanc downgraded Federal Signal (NYSE: FSS) from Buy to Hold.
KeyBanc analyst said, "We are downgrading shares of FSS and Kaydon (NYSE: KDN) to HOLD from BUY. While we are not making specific negative calls, we do not see a compelling catalyst for either name in the current environment (detailed commentary below) and the changes reflect our bottom-up refocusing on names with favorable catalysts, geographic exposure, and valuation."
For an analyst ratings summary and ratings history on Federal Signal click here. For more ratings news on Federal Signal click here.
Shares of Federal Signal closed at $3.81 yesterday.
KeyBanc analyst said, "We are downgrading shares of FSS and Kaydon (NYSE: KDN) to HOLD from BUY. While we are not making specific negative calls, we do not see a compelling catalyst for either name in the current environment (detailed commentary below) and the changes reflect our bottom-up refocusing on names with favorable catalysts, geographic exposure, and valuation."
For an analyst ratings summary and ratings history on Federal Signal click here. For more ratings news on Federal Signal click here.
Shares of Federal Signal closed at $3.81 yesterday.
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