UPDATE: KeyBank Downgrades Stoneridge to Hold
According to KeyBanc, Stoneridge (NYSE: SRI) is downgraded to Hold.
KeyBanc said that following Stoneridge, Inc.'s (SRI-NYSE) 4Q11 earnings release and subsequent conference call, it is downgrading shares to a HOLD from a BUY. “We are leaving our earnings estimates unchanged at $1.20 for 2012 and $1.42 for 2013.”
Stoneridge closed yesterday at $10.07.
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