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Graco Inc. Message Board

  • steve_382 steve_382 Aug 26, 2011 8:32 AM Flag

    Downgrade by BB&T

    We have dropped from 54 to 35, so I don't see much downside now unless the world really does drop off the edge.

    AUGUST 25, 2011, 5:14 P.M. ET

    BB&T Capital Markets cut its stock-investment rating on Graco Inc. (GGG, $35.94, -$1.62, -4.31%) to hold from buy, saying it sees few near-term upside catalysts and increasing downside risks. The firm said given the continued headwinds facing the contractor segment, as well as the increasing macro and industrial headwinds, it sees its prior 2012 earnings-per-share view for the fluid-handling company as aggressive and now believes substantial margin expansion appears harder to come by.

75.40-0.30(-0.40%)Mar 5 4:02 PMEST

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