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Shares of Columbus McKinnon (NASDAQ:CMCO) are trading over 20% down premarket on Tuesday after the company missed Wall Street expectations for its third quarter results. Brokerage D.A. Davidson downgraded the stock to Neutral from Buy,

DA Davidson downgraded Columbus McKinnon (CMCO) to Neutral from Buy with a $35 price target after the company reported fiscal Q3 sales, EBITDA

Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon " or the "Company"), a leading designer, manufacturer

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Columbus McKinnon Corp. (CMCO) on Monday reported fiscal third-quarter profit of $4 million. On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 14 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 56 cents per share.

Ratings has placed the ratings of Columbus McKinnon (NASDAQ:CMCO) Corporation under review for potential downgrade. The ratings under review include the Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating,

DA Davidson analyst Matt Summerville adjusted the firm's stance on Columbus McKinnon (NASDAQ:CMCO), shifting the rating from Buy to Neutral and setting a price target of $35.00. According to InvestingPro data,