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UPDATE: Ascendiant Capital Initiates CIRCOR International with Neutral Rating on Mixed Outlook, Improving Profitability

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Earnings Scheduled For February 19, 2016
Worst Performing Industries For October 16, 2015

In a report published Tuesday, Ascendiant Capital analyst Christopher Bamman initiated coverage on CIRCOR International (NYSE: CIR) with a Neutral rating.

In the report, Bamman noted, “The macroeconomic outlook remains mixed as does its end markets. Repositioning initiatives have been undertaken to reduce costs, consolidate facilities and improve overall profitability. New CEO, Scott Buckholt, will be challenged to improve operating margins and/or engage in an accretive acquisition. Nonetheless, CIRCOR is positioned to capture opportunities within the positive longer term trends across the energy, power generation and aerospace markets. However, at current levels, we believe the shares are fully valued.”

CIRCOR International closed on Monday at $47.74.

Latest Ratings for CIR

DateFirmActionFromTo
Aug 2016Stifel NicolausMaintainsBuy
May 2016Stifel NicolausUpgradesHoldBuy
Apr 2016SunTrust Robinson HumphreyDowngradesNeutralReduce

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Posted-In: Ascendiant CapitalAnalyst Color Initiation Analyst Ratings

 

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