KeyBanc Downgrades Kaydon Corporation (KDN) to Hold

KeyBanc downgraded Kaydon Corporation (NYSE: KDN) from Buy to Hold.

KeyBanc analyst says, "We are downgrading shares of Federal Signal (NYSE: FSS) and KDN to HOLD from BUY. While we are not making specific negative calls, we do not see a compelling catalyst for either name in the current environment (detailed commentary below) and the changes reflect our bottom-up refocusing on names with favorable catalysts, geographic exposure, and valuation."

For an analyst ratings summary and ratings history on Kaydon Corporation click here. For more ratings news on Kaydon Corporation click here.

Shares of Kaydon Corporation closed at $30.88 yesterday.

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