Baird Downgrades 5 Machinery Companies Citing The Russia-Ukraine War's Impact
8 Apr 22
News, Downgrades, Price Target, Small Cap, Analyst Ratings
Baird analyst Mircea Dobre downgraded five Machinery companies, citing the Russia and Ukraine war's impact on input costs. According to Dobre, the impact of the Russia-Ukraine war on input costs, notably steel prices, is likely to reduce or even eliminate the positive margin setup previously expected in the second half of 2022 for machinery companies.