The hate:
Atlas Copco (OTCMKTS:ATLKY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.
According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “
ATLKY has been the subject of a number of other reports. Citigroup decreased their price objective on Atlas Copco from SEK 168.75 to SEK 142 and set a “neutral” rating for the company in a report on Wednesday, January 26th. Morgan Stanley decreased their price target on Atlas Copco from SEK 122.25 to SEK 116.50 and set an “equal weight” rating for the company in a research note on Wednesday, April 27th. Jefferies Financial Group raised Atlas Copco from an “underperform” rating to a “hold” rating and set a $130.00 price target for the company in a research note on Wednesday, March 16th. JPMorgan Chase & Co. decreased their price target on Atlas Copco from SEK 166.25 to SEK 158.75 in a research note on Friday, April 1st. Finally, Pareto Securities raised Atlas Copco from a “hold” rating to a “buy” rating in a research note on Wednesday, January 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.30.