Shares of Columbus McKinnon Corporation (CMCO) plunged 8.54% in pre-market trading on Tuesday, following an analyst downgrade by DA Davidson.
DA Davidson cut its rating on CMCO from Buy to Neutral, citing concerns about the company's outlook and growth prospects. The downgrade by the influential research firm weighed on investor sentiment, leading to a sharp sell-off in CMCO's stock price.
The pre-market decline in CMCO shares comes ahead of the company's upcoming earnings report, which is expected to provide more clarity on its financial performance and future guidance.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。