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Rating: SCS
Neutral

Steelcase Inc. (NYSE: SCS) downgraded to Neutral by Longbow

Monday,  Dec 5, 2011  9:25 AM ET by Kristen Bailey

Longbow downgraded Steelcase Inc. (NYSE: SCS) to Neutral. Longbow
rated Steelcase Inc. (NYSE: SCS) to Buy with price target $13 on 01/19/2011, when the price was $11.20.

Steelcase Inc. is a designer and manufacturer of products used to create high-performance work environments. Its product portfolio includes furniture systems, seating, storage, desks, casegoods, interior architectural products, technology products and related products and services. The company reports two geographic furniture segments: North America and International.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.



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