TD Cowen lowered the firm’s price target on Albany International (AIN) to $81 from $95 and keeps a Buy rating on the shares. The firm noted they cut guidance due to charges from an unnamed Gulfstream program and various Boeing (BA) programs.
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Read More on AIN:
- Albany International updates expectations for aerospace business
- Albany International sees FY24 adjusted EPS $2.90-$3.40, consensus $3.74
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- Albany International price target lowered to $91 from $101 at Truist
- Albany International Adjusts 2024 Forecast Amid Aerospace Delays
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