Morgan Keegan Maintains Dresser-Rand PT, Outperform

Morgan Keegan maintained its Dresser-Rand Group (NYSE: DRC) Outperform rating and $63 price target in a research report published today.

In the report, Morgan Keegan states, "A weaker than expected Q2'11 and broad market uneasiness combined to push DRC's share price down dramatically. Unless the global macro environment really is down-shifting, we believe this has created an attractive entry point for investors."

Shares of Dresser-Rand Group were trading at $41.75 at the time of posting, down 11.32% from Thursday's market close.