Manitowoc Cut To Hold From Buy By Sterne Agee
Manitowoc Cut To Neutral From Buy By Bank Of America
From what I could find, they were based on analyst predictions of slower growth. No mention of the Enodis buyout, but I would have to assume that it also plays a role in their decision making when issuing their downgrades.
Stock is down sharply to $36.50 range for almost 8%. Ouch.
*** Edit #1 ***
Here's more on the B of A downgrade that I just found from S&P Marketscope: