Albany International Shares Fall After Baird Downgrade

MT Newswires Live

08/01

Albany International's (AIN) shares fell 25% in recent Thursday trading after Baird downgraded the stock to neutral from outperform with a price target of $79.

Intraday volume topped 1.25 million shares versus the daily average of 260,914.

On Wednesday, the company reported Q2 adjusted earnings that missed estimates by analysts.

Price: 53.36, Change: -17.60, Percent Change: -24.80

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