EarlyBirdCapital Downgrades Mantech International to Hold
EarlyBirdCapital is out with its report today on ManTech International (NASDAQ: MANT), downgrading MANT from Buy to Hold.
In its report, EarlyBirdCapital writes, "Despite the increase of MANT's credit line, the announcement of a dividend to be paid in December and a recent acquisition, the stock has not performed well. When combined with poor guidance, continued headwinds related to the budget environment and troop withdrawal from Iraq we think it is appropriate to stay on the sidelines, despite an attractive valuation. As a result, we are downgrading shares to a HOLD from a BUY."
Shares of MANT closed Tuesday at $31.62, down 7.52% from Monday's close.
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