Jefferies Downgrades Actuant
Analysts at Jefferies downgraded Actuant Corporation ATU 4.29% Friday from Buy to Hold and setting a $30.00 price target. Actuant is a diversified manufacturing and distributing company that produces a wide range of industrial equipment, including hydraulic and mechanical tools. Jefferies analysts expressed their concern that Actuant’s earnings will continue to lag for the third straight year. Modest Upside Actuant…