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Enter Symbol:
 
Columbus Mckinnon Corporation (CMCO) [hlAlert]

Rating:
Buy CMCO
down 37.31 %

Columbus Mckinnon Corporation (CMCO) rated Buy with price target $20 by Needham

Posted on: Monday,  Oct 27, 2008  9:25 AM ET by Needham

Needham rated Buy Columbus Mckinnon Corporation (NASDAQ: CMCO) on 10/27/2008. Previously Needham rated Buy Columbus Mckinnon Corporation (NASDAQ: CMCO) on 10/24/2007.,
when the stock price was $29.32. Since then, Columbus Mckinnon Corporation has lost 37.31% as of 01/15/2016's recent price of $18.38.
If you would have followed the previous Needham's recommendation on CMCO, you would have lost 37.31% of your investment in 3005 days.

Columbus McKinnon Corporation is a manufacturer and marketer of hoists, cranes, actuators, chain, forged attachments, lift tables and other material handling products serving a range of commercial and industrial markets. The products of the Company are used to move, lift, position or secure objects and loads. On October 1, 2008, the Company completed the acquisition of Pfaff Beteiligungs GmbH (Pfaff). During the fiscal year ended March 31, 2009 (fiscal 2009), the products of the Company are sold to over 15,000 general and specialty distributors, end users and original equipment manufacturers (OEMs) globally. The products of the Company include hoists, chain, forged attachments, industrial cranes, actuators and rotary unions, and other products. In November 2009, the Company announced the sale of certain assets within its American Lifts business to Autoquip Corporation.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/27/2008 9:25 AM Buy
None
13.17 20.00
as of 12/24/2008
1 Week up  7.42 %
1 Month up  25.35 %
3 Months down  -8.60 %
1 YTD down  -15.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/23/2008 9:25 AM Buy
None
28.48 35.00
10/24/2007 9:25 AM Buy
None
29.32 36.00

(*) Stock Price at the time of the recommendation.
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